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Eldorado Resorts announces planned $350 million tap of 6% notes
By Paul A. Harris
Portland, Ore., Sept. 11 – Eldorado Resorts, Inc. announced in a Monday press release that it plans to offer a $350 million add-on to its 6% senior notes due 2025.
The Reno, Nev.-based gaming company plans to use the proceeds from the Rule 144A and Regulation S offering to pay off its revolving credit facility, of which about $78 million was outstanding as of Sept. 8, and to repay debt under its term loan facility and related accrued interest.
The original $375 million issue priced at par on March 15, 2017. J.P. Morgan Securities LLC, Macquarie, Capital One, KeyBanc Capital Markets, SunTrust Robinson Humphrey Inc. and U.S. Bancorp Investments Inc. managed that sale.
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