Seneca redeems $11.53 million of two note series at par on Wednesday

By Susanna Moon

Chicago, Dec. 8 - Seneca Gaming Corp. planned to redeem its $9,658,000 of variable-rate notes due May 1, 2012 and its $1,873,000 of 7¼% senior notes due May 1, 2012 at par on Dec. 8.

Wells Fargo Bank, NA is the agent.

Seneca said on Nov. 19 that investors had tendered $488,469,000 of the 7¼% notes as of 5 p.m. ET on Nov. 17, which was the consent payment deadline in a tender offer and consent solicitation for the $500 million of notes.

Seneca Gaming is based in Niagara Falls, N.Y., and operates the Seneca Nation of Indians' gaming operations.

© 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.