MTR Gaming solicits consents for 11½% second-lien notes due 2019

By Jennifer Chiou

New York, Dec. 11 - MTR Gaming Group, Inc. announced the start of the consent solicitation for its $570,664,114 aggregate principal amount of outstanding 11½% senior secured second-lien notes due 2019.

The company is soliciting consents to amend the note indenture to permit the formation of a new holding company as a result of a plan of merger without a resulting change-of-control offer.

The merger agreement involves direct wholly owned subsidiary Eclair Holdings Co., Eclair subsidiaries Ridgeline Acquisition Corp. and Eclair Acquisition Co., LLC, Eldorado HoldCo LLC and Thomas Reeg, Robert Jones and Gary Carano as the representatives of the members of Eldorado.

The solicitation will end at 5 p.m. ET on Jan. 8.

The information and tabulation agent is MacKenzie Partners, Inc. (800 322-2885 or call collect 212 929-5550; scoope@mackenziepartners.com).

Macquarie Capital (USA) Inc. is the solicitation agent (310 557-4347).

MTR Gaming owns and operates casinos and racetracks. It is based in Chester, W.Va.

© 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.