Ameristar Casinos seeks consents to amend 7½% notes for merger plans

By Susanna Moon

Chicago, March 18 - Ameristar Casinos, Inc. said it is soliciting consents for waivers and amendments to its $1.04 billion outstanding principal amount of 7½% senior notes due 2021.

The consent solicitation will end at 5 p.m. ET on March 22 and is in connection with the proposed acquisition of Ameristar by Pinnacle Entertainment, Inc., according to an 8-K filing with the Securities and Exchange Commission.

The company is seeking that noteholders waive their right to a repurchase offer triggered by the change of control due to the planned merger and waive compliance with most covenants that would be violated as a result of the merger, the filing noted.

Ameristar is soliciting the consents at the request and expense of Pinnacle under their merger plan, the filing noted.

The issuer is a Las Vegas-based gaming and entertainment company.

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