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Peninsula Pacific Entertainment to price $50 million tap of 8½% notes due 2027 on Monday
By Paul A. Harris
Portland, Ore., Jan. 25 – Peninsula Pacific Entertainment LLC and Peninsula Pacific Entertainment Finance Inc. plan to price a $50 million add-on to their 8½% notes due Nov. 15, 2027 in a Monday drive by following a late-morning conference call with investors, according to a syndicate source.
Credit Suisse Securities (USA) LLC is the left lead bookrunner. J.P. Morgan Securities LLC and Macquarie Capital (USA) Inc. are the joint bookrunners.
The Rule 144A and Regulation S notes become callable on Nov. 15, 2023 at 104.25.
Proceeds will be used for general corporate purposes.
The prospective issuer is the owner of gaming and racing facilities in Virginia and Iowa.
The original $475 million issue priced in October 2020.
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