Global Cash to redeem $25 million of 8¾% senior subordinated notes

By Jennifer Chiou

New York, April 8 - Global Cash Access, Inc. called $25 million of its 8¾% senior subordinated notes due 2012, according to an 8-K filing with the Securities and Exchange Commission.

The company said it will use cash on hand to pay par for the notes on the May 3 redemption date.

Following the redemption, $127.8 million of the notes will remain outstanding.

Las Vegas-based Global Cash provides cash access products and related services to the gaming industry.

© 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.