New Issue-MTR Gaming sells $250 mln in 5-yr notes

Fri Jul 24, 2009 8:06pm BST
[-] Text [+]
 July 24 (Reuters) - MTR Gaming Group Inc MTNG.O on Friday
sold $250 million of senior secured notes in the 144a private
placement market, said IFR, a Thomson Reuters service.
 Goldman Sachs and Deutsche Bank were the joint bookrunning
managers for the sale.
BORROWER: MTR GAMING GROUP INC
AMT $250 MLN      COUPON 12.625 PCT   MATURITY 7/15/2014 
TYPE SR SEC NTS   ISS PRICE 95.248    FIRST PAY 1/15/2010
MOODY'S B2        YIELD 14.00 PCT     SETTLEMENT 8/12/2009
S&P SINGLE-B      SPREAD 1245 BPS     PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 2 YEARS*
* CALL SCHEDULE: 106.313, 103.156, 100

 
 
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