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Article: MTR Gaming Group Announces Settlement of Cash Tender Offer for Its 9-3/4% Senior Notes Due 2010 and Completion of Senior Secured Notes Offering.
- Article from:
- Business Wire
- Article date:
- August 12, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHESTER, W.Va. -- MTR Gaming Group, Inc. (NasdaqGS: MNTG) (the "Company") announced today that it has successfully completed its previously announced offering of $250.0 million in aggregate principal amount of 12.625% senior secured notes due 2014 (the "Senior Secured Notes"). The Senior Secured Notes were issued at 95.248% of their aggregate principal amount. The Company also announced the completion and settlement of its previously announced offer to purchase (the "Tender Offer") any and all of its outstanding $130,000,000 in aggregate principal amount of 9-3/4% Senior Notes due 2010 (the "Senior Notes").
The net proceeds from the sale of the Senior Secured ...