Peninsula Gaming calls $675 million 8 3/8%, 10¾% secured notes

By Ashley Montgomery

Kansas City, Kan., Nov. 21 - Peninsula Gaming, LLC and Peninsula Gaming Corp. plan to redeem their 8 3/8% senior secured notes due 2015 and 10¾% senor unsecured notes due 2017, according to a notice.

The notes will be redeemed on Dec. 20, with the 8 3/8% notes to be redeemed at 104.188% and the 10¾% notes to be redeemed at par. The redemption prices will also include accrued interest to the redemption date.

Affected is $320 million of series B 8 3/8% notes due Aug. 15, 2015 and $355 million of series B 10¾% notes due Aug. 15, 2017.

U.S. Bank, NA is the trustee.

Peninsula is Dubuque, Iowa-based owner and operator of casinos and off-track betting parlors.

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