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