Shuffle Master ups price for 1.25% convertibles, extends tender offer

By Susanna Moon

Chicago, Aug. 11 - Shuffle Master, Inc. said it would buy back its 1.25% convertible senior notes due April 19, 2009 at $972.50 plus accrued interest per each $1,000 principal amount.

The price was increased from $960.50 plus accrued interest.

The tender offer will now expire at midnight ET on Aug. 22, extended from Aug. 8. The offer began on July 14.

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.