River Rock Entertainment starts roadshow for $190 million eight-year notes

By Paul A. Harris

St. Louis, Oct. 23 - River Rock Entertainment Authority began the roadshow Thursday for an offering of $190 million senior secured notes due 2011 (B+), according to informed sources.

The deal is expected to price on Nov. 4, the sources added.

CIBC World Markets is bookrunner for the Rule 144A deal.

The notes will be non-callable for four years.

Proceeds will be used to help fund the construction of the authority's expansion project, to repay $54 million of existing debt and to fund the settlement of litigation involving the tribe.

The company operates a Native American gaming complex in Sonoma, Calif.

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