Pinnacle to start roadshow Wednesday for $350 million eight-year notes

By Paul A. Harris

St. Louis, May 29 - Pinnacle Entertainment, Inc. will start a roadshow on Wednesday for a $350 million offering of eight-year senior subordinated notes (B-), according to market sources.

Pricing is expected early in the afternoon of June 5.

Lehman Brothers, Bear Stearns & Co., Deutsche Bank Securities and Banc of America Securities LLC are joint bookrunners for the Rule 144A with registration rights offering.

The notes come with four years of call protection, as well as with a change-of-control put at 101.

The Las Vegas-based gaming company will use the proceeds to repay its outstanding term loans, for general corporate purposes and to fund its expansion, construction and development projects.

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