Ameristar Casinos Announces Expiration and Final Results of Tender Offer and Consent Solicitation for Its 9 1/4% Senior Notes Du
April 26 2011 - 10:30AM
Marketwired
Ameristar Casinos, Inc. (NASDAQ: ASCA) announced today that its
cash tender offer (the "Offer") for any and all of the outstanding
$650,000,000 aggregate principal amount of its 9¼% Senior Notes due
2014 (CUSIP Nos. 03070QAL5 and 03070QAK7) (the "Notes") and related
solicitation of consents (the "Consent Solicitation") to certain
proposed amendments to the indenture governing the Notes expired at
11:59 p.m., New York City time, on April 25, 2011 (the "Expiration
Time").
A total of $649,533,000 in aggregate principal amount of the
Notes was validly tendered and not validly withdrawn in the Offer
prior to the Expiration Time, and all of such Notes have been
accepted for purchase in accordance with the terms of the Offer.
Holders who validly tendered (and did not validly withdraw) their
Notes at or prior to the Expiration Time but after the consent
expiration deadline of 5:00 p.m., New York City time, on April 11,
2011, are expected to receive payment on April 26, 2011, the final
settlement date.
The complete terms and conditions of the Offer and the Consent
Solicitation were described in the Offer to Purchase and Consent
Solicitation Statement dated March 29, 2011, copies of which may be
obtained from D.F. King & Co., Inc., the depositary and
information agent for the Offer, at (800) 829-6551 (US toll free)
or, for banks and brokers, (212) 269-5550.
Ameristar engaged Wells Fargo Securities, LLC and Deutsche Bank
Securities Inc. to act as the exclusive dealer managers and
solicitation agents in connection with the Offer and the Consent
Solicitation. Questions regarding the terms of the Offer and the
Consent Solicitation may be directed to Wells Fargo Securities,
Liability Management Group, at (866) 309-6316 (US toll-free) and
(704) 715-8341 (collect) or to Deutsche Bank Securities, Liability
Management Group, at (855) 287-1922 (US toll-free) and (212)
250-7527 (collect).
This announcement is for informational purposes only. This
announcement is not an offer to purchase, a solicitation of an
offer to purchase or a solicitation of consents with respect to any
securities. The Offer and Consent Solicitation were made solely by
the Offer to Purchase and Consent Solicitation Statement dated
March 29, 2011. The Offer and Consent Solicitation were not made to
holders of Notes in any jurisdiction in which the making or
acceptance thereof would not be in compliance with the securities,
blue sky or other laws of such jurisdiction.
Forward-Looking Information
This release contains certain forward-looking information that
generally can be identified by the context of the statement or the
use of forward-looking terminology, such as "believes,"
"estimates," "anticipates," "intends," "expects," "plans," "is
confident that," "should" or words of similar meaning, with
reference to Ameristar or our management. Similarly, statements
that describe our future plans, objectives, strategies, financial
results or position, operational expectations or goals are
forward-looking statements. It is possible that our expectations
may not be met due to various factors, many of which are beyond our
control, and we therefore cannot give any assurance that such
expectations will prove to be correct. For a discussion of relevant
factors, risks and uncertainties that could materially affect our
future results, attention is directed to "Item 1A. Risk Factors"
and "Item 7. Management's Discussion and Analysis of Financial
Condition and Results of Operations" in our Annual Report on Form
10-K for the year ended December 31, 2010.
About Ameristar
Ameristar Casinos, Inc. is a leading Las Vegas-based gaming and
entertainment company known for its premier properties
characterized by state-of-the-art casino floors and superior
dining, lodging and entertainment offerings. Ameristar's focus on
the highest quality gaming experience and exceptional guest service
has earned it leading positions in the markets in which it
operates. Founded in 1954 in Jackpot, Nev., Ameristar has been a
public company since November 1993. The Company has a portfolio of
eight casinos in seven markets: Ameristar Casino Resort Spa St.
Charles (greater St. Louis); Ameristar Casino Hotel East Chicago
(Chicagoland area); Ameristar Casino Hotel Kansas City; Ameristar
Casino Hotel Council Bluffs (Omaha, Neb., and southwestern Iowa);
Ameristar Casino Hotel Vicksburg (Jackson, Miss., and Monroe, La.);
Ameristar Casino Resort Spa Black Hawk (Denver metropolitan area);
and Cactus Petes Resort Casino and The Horseshu Hotel and Casino in
Jackpot, Nev. (Idaho and the Pacific Northwest).
Visit Ameristar Casinos' website at www.ameristar.com (which
shall not be deemed to be incorporated in or a part of this news
release).
Contact: Tom Steinbauer Senior Vice President, Chief
Financial Officer Ameristar Casinos, Inc. (702) 567-7000
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