Print
E-mail
Share
digg
Newsvine
Facebook
Stumble
Technorati
reddit
Fark
twitterCasino operator selling notes
Tuesday, March 18, 2003 | 10:33 a.m.
Mandalay Resort Group of Las Vegas said Monday it will raise $350 million from selling convertible notes to repay existing debt.
The casino operator said the securities, which are convertible into stock, will be due in 2033. Mandalay may raise an additional $50 million with the exercise of an over allotment option, the company said.
Mandalay said the notes will repay borrowings outstanding under its credit facility. The company postponed a planned $300 million sale of 10-year notes in February because if wasn't willing to offer the yield demanded by investors, Chief Financial Officer Glenn Schaeffer said earlier.
archive
- Most Read
- Discussed
- Most E-mailed
- 6th arrest made in officer’s death; 5 face formal charges
- Harrah’s working on plan to take over Planet Hollywood
- Judge’s divorce filing follows arrest of her husband, a lawyer
- ‘DWTS’ champ Donny Osmond still deft afoot in return to Flamingo
- Task force taking down mortgage scammers, one at a time
- Two years after Sports Illustrated feature, Bellfield says gamble paid off
- Contractors make another bid for Fontainebleau
- Martha Stewart has no business criticizing Palin
- UNLV zaps Holy Cross, 80-59
- Shooting in parking lot of CVS leaves man dead
Blogs
The Kats Report
Could a savior of shuttered Las Vegas Art Museum be ... Peter Max? (2 Comments)
For Paul Stanley and KISS, rock and roll is not over (3 Comments)
Twenty years ago today, Human Nature took root on the farm (1 Comment)
Robin Leach's Las Vegas Celebrity Watch
Photo Gallery: Donny Osmond’s triumphant return to the Flamingo
The Kats Report
'DWTS' champ Donny Osmond still deft afoot in return to Flamingo (7 Comments)
Politics: The Early Line
Meeting of GOP governors draws challengers, not Gibbons (3 Comments)
Politics: Ralston's Flash
Oscar loves forcing developers to sign labor peace agreements, Culinary loves the city's downtown plans and all is forgiven (7 Comments)
Calendar »
- 27 Fri
- 28 Sat
- 29 Sun
- 30 Mon
- 1 Tue
-
Bill Cosby at Treasure Island
Treasure Island Theatre
-
The Las Vegas Locomotives vs. the Florida Tuskers
Sam Boyd Stadium
-
Papa Roach at the House of Blues
House of Blues | 6:30 p.m. to 11 p.m.
-
Tuff-N-Uff at the Orleans
Mardi Gras Room | 7 p.m. to 11 p.m.
-
David Spade at the Venetian
The Venetian Resort Hotel Casino
The Sun
Locally owned and independent for more than 50 years.
