Eldorado Resorts eyes midweek pricing for $375 million senior notes

By Paul A. Harris

Portland, Ore., March 13 – Eldorado Resorts Inc. is expected to price $375 million of eight-year senior notes on Wednesday, according to market sources.

J.P. Morgan Securities LLC, Macquarie Capital, Capital One, KeyBanc Capital Markets, SunTrust Robinson Humphrey and US Bancorp are the joint bookrunners for the Rule 144A and Regulation S offer.

The notes come with three years of call protection.

The Reno, Nev.-based casino entertainment company plans to use the proceeds to help fund its acquisition of Isle of Capri Casinos Inc., as well as to refinance the entire Isle of Capri credit facility, redeem or repurchase all of Isle of Capri’s outstanding 5 7/8% senior notes due 2021 and 8 7/8% senior subordinated notes due 2020, and to pay off Eldorado’s existing credit facility.

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