Majestic starts tender for 10 7/8% notes, 11.653% notes

New York, Aug. 26 - Majestic Star Casino, LLC announced a cash tender offer for its $130 million 10 7/8% senior secured notes due 2006 and subsidiary Majestic Investor Holdings, LLC announced a cash tender offer for its $151.767 million 11.653% senior secured notes due 2007.

Majestic Star is offering $1,054.38 per $1,000 principal amount of the 10 7/8% notes. The price includes a consent payment of $5.00 per $1,000 principal amount for holders who tender by the consent deadline of 5.00 p.m. ET on Sept. 10.

From then up to the tender expiry date of 5.00 p.m. ET on Sept. 24, holders will receive $1,049.38 per $1,000 principal amount.

Majestic Star will also pay accrued interest up to but not including the date of payment.

The consent solicitation is to amend the indenture and release liens on the collateral securing the notes. The indenture amendment would eliminate substantially all the restrictive covenants and amend certain other provisions. A majority is needed to pass the changes.

Majestic Investor is offering $1,050.00 per $1,000 principal amount of the 11.653% notes. The price includes a consent payment of $5.00 per $1,000 principal amount for holders who tender by the consent deadline of 5.00 p.m. ET on Sept. 10.

From then up to the tender expiry date of 5.00 p.m. ET on Sept. 24, holders will receive $1,045.00 per $1,000 principal amount.

Majestic Investor will also pay accrued interest up to but not including the date of payment.

The consent solicitation is to amend the indenture, terminate guarantees and release liens on the collateral securing the notes. The indenture amendment would eliminate substantially all the restrictive covenants and amend certain other provisions. A majority is needed to pass the changes and the consent of two thirds of the principal amount is outstanding is needed to release the liens.

For both offers, holders who tender will be required to deliver consents and consents can only be given on notes that are tendered.

Majestic Star is a Gary, Ind. gaming company. Subsidiary Majestic Investor operates three Fitzgeralds casinos.

Both offers are conditional on the receipt of consents and the completion of related financing transactions by Majestic Star.

MacKenzie Partners, Inc. (800 322-2885) is the information agent. The depositary is The Bank of New York.

Amatek starts tender for 12%, 14½% notes

New York, Aug. 26 - Amatek Industries announced a tender offer and consent solicitation for its 12% senior subordinated notes due 2008 and 14½% subordinated notes due 2009.

The Sydney, Australia company is offering to buy the 12% notes at $110.21 per $100 principal amount of the notes and the 14½% notes at $112 per $100 principal amount.

Both prices include a $1.00 consent payment per $100 principal amount for notes tendered by the consent deadline of 5.00 p.m. ET on Sept. 10, as long as a majority of the notes is validly tendered by that time.

The tender expires at 5.00 p.m. ET on Sept. 24.

Under the consent solicitation, Amatek is seeking to eliminate certain restrictive covenants contained in the Indentures.

The information agent is MacKenzie Partners, Inc. (212 929-5500 or 800 322-2885) and the Depositary is The Bank of New York.

Additional information may be obtained from Amatek (Kieren Gaul, +61 2 9928 3506 or +61 2 9928 3529)

Filtronic buys back $4 million 10% notes

New York, Aug. 26 - Filtronic plc said it bought back $4.0 million of its 10% senior notes due December 2005.

Following the transaction, the Shipley, West Yorkshire, U.K.- based designer and manufacturer of microwave subsystems has $90.0 million of the notes outstanding.

Since Feb. 4, 2002 Filtronic has repurchased $80.0 million of the notes.

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