Peninsula Gaming to launch $823 million loan repricing on Wednesday

By Sara Rosenberg

New York, April 23 - Peninsula Gaming LLC will host a call on Wednesday to launch a repricing of its roughly $823 million term loan B, according to sources.

BofA Merrill Lynch, J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. are the lead banks on the deal.

The repriced loan has 101 soft call protection for six months, sources added.

Current pricing on the term loan B is Libor plus 450 basis points with a 1.25% Libor floor.

Peninsula is an owner and operator of casinos and off-track betting parlors.

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