ST. LOUIS, Feb. 28, 2013 /PRNewswire/ -- Isle of Capri
Casinos, Inc. (Nasdaq: ISLE) (the "Company") announced today the
pricing of $350 million in aggregate
principal amount of 5.875% Senior Notes due 2021 (the "Notes"). The
Notes will be issued at par. The offering is scheduled to close on
March 5, 2013, subject to customary
closing conditions. The Notes will be fully and
unconditionally guaranteed on an unsecured senior basis, jointly
and severally, by each of the Company's subsidiaries that guarantee
the Company's senior secured credit facility. The Notes are being
offered only to qualified institutional buyers under Rule 144A of
the Securities Act of 1933, as amended (the "Securities Act"), and
to non-U.S. persons outside of the United
States in compliance with Regulation S of the Securities
Act. The Company intends to use the net proceeds from this
offering, together with cash on hand, to fund the repayment of a
portion of the term loans outstanding under its senior secured
credit facility. Any remaining proceeds will be used for
general corporate purposes.
The Notes have not been registered under the Securities Act, any
other federal securities laws or the securities laws of any
jurisdiction, and until so registered, the Notes may not be offered
or sold in the United States to,
or for the account or benefit of, any United States person except pursuant to an
exemption from the registration requirements of the Securities Act
and other applicable securities laws.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any offer or
sale of, any security in any jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such
jurisdiction.
Forward-Looking Statements
This press release may be deemed to contain forward-looking
statements, which are subject to change. These forward-looking
statements may be significantly impacted, either positively or
negatively, by various factors, including, without limitation,
licensing and other regulatory approvals, financing sources,
development and construction activities, costs and delays, weather,
permits, competition and business conditions in the gaming
industry. The forward-looking statements are subject to numerous
risks and uncertainties that could cause actual results to differ
materially from those expressed in or implied by the statements
herein.
Additional information concerning potential factors that
could affect the Company's financial condition, results of
operations and expansion projects is included in the filings of the
Company with the Securities and Exchange Commission, including, but
not limited to, its Form 10-K for the most recently ended fiscal
year.
Contacts
For Isle of Capri Casinos, Inc.
Dale R. Black, Chief Financial
Officer-314.813.9327
Jill
Alexander, Senior Director Corporate
Communication-314.813.9368
http://www.islecorp.com
SOURCE Isle of Capri Casinos, Inc.