Las Vegas Sun

November 30, 2009

Currently: 60° | Complete forecast | Log in

LV casino operator issues $500 mil. in notes to refinance

Thursday, July 20, 2000 | 11:30 a.m.

Mandalay Resort Group of Las Vegas said it agreed to issue $500 million in 10.25 percent senior subordinated unsecured notes due Aug. 1, 2007. The size of the issuance was a surprise as observers expected Mandalay to issue just $300 million in notes.

Proceeds from the offering will be used to repay some of the company's borrowings under its revolving credit facility, Mandalay said.

archive

  • Most Read
  • Discussed
  • Most E-mailed

Calendar »

  • 30 Mon
  • 1 Tue
  • 2 Wed
  • 3 Thu
  • 4 Fri