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MTR Gaming buys back $10 million 11¼% senior secured second-lien notes
By Tali Rackner
Norfolk, Va., Nov. 14 – MTR Gaming Group, Inc. repurchased $10 million of its 11¼% senior secured second-lien notes in October, according to a 10-Q filing with the Securities and Exchange Commission.
The notes were redeemed at a price of 110.25.
The repurchase resulted in a $1.2 million annual savings in interest expense.
MTR Gaming owns and operates casinos and racetracks. It is based in Chester, W.Va.
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