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twitterLV casino operator to sell notes
Wednesday, May 14, 2003 | 11:38 a.m.
Hard Rock Hotel Inc., which owns and operates the Hard Rock Hotel & Casino in Las Vegas, plans to sell $140 million of second-lien notes due in 2013, people familiar with the sale told Bloomberg News.
Bank of America Corp. is managing the offering, which may conclude Tuesday, the people familiar said. Hard Rock Hotel will use proceeds from the sale to pay debt, the people familiar said.
Hard Rock Hotel is based in Las Vegas and has an issuer credit rating of B3 at Moody's Investors Service and B+ at Standard & Poor's. Both ratings are below investment grade.
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