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StumbleFirm looks to fund acquisition
Monday, Jan. 20, 2003 | 10:58 a.m.
Herbst Gaming Inc. intends to raise about $45 million through an offering of senior secured notes in a private placement transaction.
The notes, which carry an interest rate of 10.75 percent, are due in 2008.
The deal will partially fund the purchase of Herbst's previously announced acquisition of Anchor Coin's slot route business and related assets.
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