Pinnacle Entertainment tenders for up to $75 million 8¼% notes

By Jennifer Chiou

New York, July 30 - Pinnacle Entertainment Inc. announced the start of a cash tender offer for up to $75 million of its $275 million of 8¼% senior subordinated notes due 2012.

Pinnacle said it will pay $1,020.63 per $1,000 principal amount of the notes for all tendered notes.

The early deadline is midnight ET on Aug. 11, and the company expects to settle early tenders first.

The offer will expire at midnight ET on Aug. 25.

J.P. Morgan Securities Inc. (800 245-8812) and Bank of America Merrill Lynch, Pierce, Fenner & Smith Inc. (888 292-0070 or collect 980 387-4536) are dealer managers. The Bank of New York Mellon Trust Co., NA is the depositary agent. D.F. King & Co., Inc. (800 758-5378) is the information agent.

Pinnacle Entertainment is a Las Vegas-based owner and operator of casinos.

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