| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Tenders 2007 > News item |
155 East Tropicana may trigger change-of-control redemption of 8¾% notes
By Angela McDaniels
Seattle, Jan. 19 - 155 East Tropicana, LLC's $130 million 8¾% senior secured notes due 2012 may be redeemed due to a change of control, according to an 8-K report filed with the Securities and Exchange Commission on Friday.
The company signed a letter of intent to be acquired by an investment group led by NTH Advisory Group, LLC for $95 million and, under the terms of the letter, the investors would be responsible for the repurchase of the notes and any related costs.
No definitive agreement has been signed, but the transaction is expected to close by June 30.
155 East Tropicana owns the Hooters Casino Hotel in Las Vegas.
© 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.