Shuffle Master begins tender offer for 1.25% convertibles

By Susanna Moon

Chicago, July 14 - Shuffle Master, Inc. said it started its tender offer on Monday for its 1.25% convertible senior notes due April 19, 2009.

The company said it would buy back the convertibles at 96.5 plus accrued interest.

The offer will expire on Aug. 8.

The offer is contingent on Shuffle Master raising at least $135 million from a stock offering and borrowings under a new term loan.

Deutsche Bank Securities Inc. (800 503-4611) is the dealer manager. Morrow & Co., LLC (800 662-5200 or 203 658-9400) is the information agent.

The issuer is a Las Vegas supplier of automatic card shufflers and special gaming tables.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.