Pinnacle $130 million 10-year notes talked at 8 7/8%-9 1/8%, pricing Friday

By Paul A. Harris

St. Louis, Sept. 18 - Price talk of 8 7/8%-9 1/8% emerged Thursday on Pinnacle Entertainment, Inc.'s upcoming sale of $130 million 10-year non-call-five senior subordinated notes (Caa1/CCC+), according to a syndicate source.

The deal is expected to price on Friday, the source added.

Bear Stearns & Co. is bookrunner for the off-the-shelf deal. Banc of America Securities, Lehman Brothers and SG Cowen are joint lead managers. CIBC World Markets and UBS Investment Bank are co-managers

The Las Vegas-based gaming and entertainment company will use proceeds to fund the tender for its $125 million of 9½% senior subordinated notes due 2007.

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