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Prospect News home > News index > List of issuers I > Headlines for Inn of the Mountain Gods Resort and Casino > News item |
Mountain Gods Resort starts roadshow Wednesday for $185 million seven-year notes
By Paul A. Harris
St. Louis, Oct. 7 - Mountain Gods Resort & Casino starts the roadshow Wednesday for an offering of $185 million of senior notes due 2010, according to a syndicate source.
The roadshow is expected to conclude on Oct. 16.
Citigroup is the bookrunner on the Rule 144A (with registration rights) offering.
The notes will be non-callable for four years. In addition the company will set up an interest reserve account for the first three interest payments.
Proceeds will be used to fund the remaining construction and equipment costs of the casino, repay debt and fund the interest reserve account.
The South Central N.M.-based resort and casino is owned by the Mescalero Apache tribe.
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