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Affinity Gaming (Herbst) slates loans, bonds to refinance Ch. 11 exit debt

Affinity Gaming is due to head out on the road today with a $200 million offering of eight-year (non-call four) senior notes as part of an effort to refinance bankruptcy-exit debt. Deutsche Bank, J.P....

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Affinity Gaming (Herbst) sets guidance on bond offering, outlook revised from...

Affinity Gaming is guiding a $200 million offering of six-year (non-call three) senior notes in the 9% area. Bookrunners Deutsche Bank, J.P. Morgan, Jefferies, and Macquarie are taking final orders...

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Boyd Gaming outlines new debt at Peninsula following acquisition

Boyd Gaming outlined in an SEC filing the proposed structure of Bank of America Merrill Lynch, Deutsche Bank, and J.P. Morgan’s financing backing its $1.45 billion purchase of Peninsula Gaming, which...

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Casino operator Rivers Pittsburgh completes offering of second-lien notes...

Rivers Pittsburgh Finance today completed an offering of second-lien notes via leads Goldman Sachs, Wells Fargo, and Credit Agricole, according to sources. Final terms pegged the tight end of talk, and...

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Revel term debt sinks in trading mart as Atlantic City gambling revenue falls...

The Revel Entertainment term loan due 2017 (L+750, 1.5% LIBOR floor) sunk to an 87/88 context in the leveraged loan secondary trading market yesterday, due to disappointing May gaming revenue in...

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Foxwoods Casino reaches long-awaited debt-restructuring agreement

The Mashantucket Pequot Tribal Nation, the Tribal gaming concern that owns Foxwoods Resort Casino in Connecticut, yesterday announced that it has reached an agreement with steering committees of its...

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Scientific Games senior notes price at par to yield 6.25%; terms

Scientific Games today completed an offering of senior notes via bookrunners Bank of America, Credit Suisse, J.P. Morgan, RBS, UBS, Deutsche Bank, Goldman Sachs, and Jefferies, according to sources....

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Contentious two-day hearing reveals Patriot Coal venue dispute as vexing call

The question of whether to change the venue of Patriot Coal’s Chapter 11 case to West Virginia from the Southern District of New York is proving to be not only a contentious one for the parties...

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Foxwoods proposes $520M debt reduction in final restructuring terms

The Mashantucket Pequot Tribal Nation, the Tribal gaming concern that owns Foxwoods Resort Casino, made public the finalized terms for its proposed restructuring, highlighting a $520 million reduction...

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Station Casinos readies $2B leveraged loan deal

Bank of America Merrill Lynch, Deutsche Bank, J.P. Morgan and Credit Suisse have scheduled a bank meeting for 1:30 p.m. EST on Thursday, Feb. 14, to launch a $1.975 billion senior secured financing for...

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Gaming and Leisure inks $1B pro rata facility to back Penn National spin-off

Gaming and Leisure Properties disclosed today that it has obtained a $1 billion senior unsecured credit facility in connection with its spin-off from Penn National Gaming. The five-year loan package is...

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Trump Taj Mahal could file Chapter 11 ‘within days’– report

Trump Entertainment Resorts last remaining casino, Trump Taj Mahal, could be headed to Chapter 11, according to a report yesterday afternoon in the New York Post. According to the report, which cites...

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Energy sector, Colt Defense focus of LCD’s Restructuring Watchlist

The beleaguered energy sector dominated activity this quarter on LCD’s Restructuring Watchlist, with Sabine Oil & Gas missing an interest payment on a bond and Hercules Offshore striking a deal...

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Caesars Entertainment restructuring agreement fails to garner needed support

Caesars Entertainment Co. (CEC) said that its restructuring agreement with a group of second-lien lenders of bankrupt unit Caesars Entertainment Operating Corp. (CEOC) has failed to attract sufficient...

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LCD’s High Yield Market Primer/Almanac Updated with 3Q Charts

LCD’s online High Yield Bond Market Primer has been updated to include third-quarter 2015 and historical volume and trend charts. The Primer can be found at HighYieldBond.com, LCD’s free website...

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Scientific Games bonds slip further on CFO resignation

Bonds backing Scientific Games slipped further today after the company announced the resignation of its Chief Financial Officer, Scott Schweinfurth, according to a company release. The 10% notes due...

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Third Ave’s liquidating debt fund holds concentrated, inactive paper

The leveraged finance marketplace is abuzz this morning ahead of a conference call to address to a plan of liquidation for the Third Avenue Focused Credit mutual fund following big losses this year,...

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Cannery Casino loans edge closer to par as Boyd to buy Vegas assets

Loans backing Cannery Casino edged closer to par on news that Boyd Gaming agreed to purchase the company’s Las Vegas assets for $230 million. The sale represents the remainder of the company’s...

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Caesars Returns to Leveraged Loan Mart with $4.7B Deal Backing Resort Collection

A Credit Suisse–led arranger group is circulating price talk on a $4.7 billion covenant-lite first-lien term loan for Caesars Resort Collection, according to sources. Commitments are due by 5 p.m. EDT...

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Wynn Las Vegas bonds Extend Losses Amid Harassment Cloud

Bonds backing Wynn Las Vegas were falling sharply today—with the issuer’s 5.5% bullet notes due 2025 shedding three points, to 101.5—to extend declines since reports surfaced on Friday alleging sexual...

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