Ameristar Casinos intends to issue $800 million senior notes

By Paul A. Harris and Sara Rosenberg

Portland, Ore., March 29 - Ameristar Casinos, Inc. plans to sell $800 million of senior notes, according to market sources.

Wells Fargo Securities LLC will be the left lead bookrunner in a syndicate of bookrunners that will also include Deutsche Bank Securities Inc.

The Las Vegas-based gaming and entertainment company plans to use the proceeds, in addition to proceeds from a new $1.4 billion credit facility, to help retire $1.5 billion of existing debt, as well as to fund a share repurchase and for general working capital.

The credit facility, which will be led by Deutsche Bank Securities, Wells Fargo Securities, Merrill Lynch and J.P. Morgan Securities LLC, is set to launch at a Wednesday bank meeting.

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