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Jacobs to refinance notes and credit facility with new loans, revolver
By Ashley Montgomery
Kansas City, Kan., Sept. 10 - Jacobs Entertainment, Inc. plans to refinance its $210 million 9¾% senior notes due June 15, 2014 and its $97 million senior bank facility, according to a company news release.
The company said it expects the new debt financing to consist of a $210 million first-lien loan, a $110 million second-lien loan and a $50 million revolving line of credit.
Credit Suisse is leading the deal. Lender presentations are scheduled for next week.
Jacobs is a Rye, N.Y.-based film buying and marketing firm.
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