The Invite and you can Concur Solicitation expired at p

The Invite and you can Concur Solicitation expired at p

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Las vegas , /PRNewswire/ — The brand new Majestic Star Gambling establishment, LLC (“Majestic”) revealed today the brand new termination and benefits of its in earlier times announced Invitation (the fresh “Invitation”) into people of its 12.5% / 14.5% Elder Cards owed 2016 (the new “Notes”) to be lenders when you look at the a new 12.5% / fourteen.5% Basic Lien Safeguarded Name Loan Business (the fresh “The brand new Term Mortgage”) additionally the related solicitation from consents (the fresh “Consent Solicitation”) regarding proprietors of your own Cards on adoption of recommended amendments for the Indenture (new “Indenture”) as well as the Intercreditor and you can Lien Subordination Arrangement (the newest “Intercreditor Agreement”) relating to the Cards. Regal made the fresh new Invitation and Concur Solicitation pursuant towards the Recommendations Memorandum and you can Consent Solicitation Declaration, old since , because supplemented by Supplement No. 1 old at the time of (the fresh new “Guidance Memorandum”).

meters. , New york day, to your (the new “Termination Time”). Ahead of the Expiration Date, Regal obtained good deliveries of approximately $109.2 billion into the aggregate prominent quantity of this new Notes, representing commitments from the The brand new Term Financing for the very same aggregate dominant matter. Towards (the fresh new “Closure Day”), Regal approved all eg Cards and you can inserted into the New Name Loan. Owners regarding Cards one participated in the Invitation acquired accumulated and you will unpaid attract towards the Notes up to, but not as well as, the brand new Closing Date, in cash. Once giving impression to the termination from Notes accepted from the Invite, up to $step 1.nine billion for the aggregate dominant number of the Cards will always be a fantastic.

Owners of Notes which made commitments to be loan providers from the The brand new Name Mortgage agreed to the new suggested amendments into Indenture and also to brand new Intercreditor Contract, and that amendments, on top of other things, got rid of the limiting covenants and certain situations away from standard contained in the Indenture, create all liens toward security securing the latest Cards beneath the Indenture and enhanced the amount of permitted debt place forward regarding the Intercreditor Contract. The fresh new recommended amendments turned energetic on Closing Big date. Every accrued and you can unpaid attract for the Notes one remains outstanding, together with accrued and outstanding focus up to the latest Closing Date and all coming interest, would-be paid-in form to your the amount set forth in the this new Intercreditor Agreement. Correctly, the new people of every Notes one to will always be the pursuing the Closure Go out will have its next attract percentage thru a payment-in-type on or around .

New Regal Star Local casino, LLC Announces Expiration and Final results of its Invite in order to People regarding The Elder Notes to be Loan providers within the a unique Name Mortgage and you can Related Consent Solicitation

Which launch is actually for educational intentions just and that is none an enthusiastic give to get otherwise offer nor an excellent solicitation out-of an offer to order or offer people ties from Majestic otherwise any one of its subsidiaries otherwise mother or father organizations.

The newest Regal Star Gambling establishment, LLC, is actually a multi-jurisdictional gaming team that has and you will works: two adjoining dockside playing institution (Regal Superstar and Regal Celebrity II) and a lodge based in Gary, Indiana , and you may an excellent Fitzgeralds-labeled casino and you can resort situated in Tunica, Mississippi (Fitz Tunica). Addiitional information regarding the Majestic Celebrity Local casino, LLC, and its gambling establishment features is available during the business’s webpages, majesticstar.

Particular statements within press release which are not historic the fact is send-lookin comments. Particularly give-searching comments, and therefore mirror our newest views off future events and economic efficiency, involve certain risks and you will uncertainties. Forward-lookin statements were all the statements which aren’t historical fact and you can are going to be acknowledged by words such as “may,” “intend,” “you are going to,” “often,” “would be to,” “you will definitely,” “create,” “welcome,” “expect,” “trust,” “imagine,” “package,” “project,” “predict,” “prospective,” or perhaps the negative ones terms and conditions. This type of give-lookin statements portray the requires, opinions, agreements and you may traditional about our candidates money for hard times and other future situations, such as for instance all of our power to build enough working capital, our future results of surgery and you will financial condition, standards concerning your process of our own gambling enterprise features, while the sufficiency your cash stability and money produced away from performing, spending, and funding issues in regards to our upcoming liquidity and funding investment need. Although these submit-searching comments echo the an effective-faith belief and you can practical wisdom based on newest advice, this type of comments is qualified because of the points, some of which was past all of our manage, which could produce our genuine brings about disagree materially of those on submit-looking statements, as well as, however simply for the factors according to the titles “Cautionary Statement Out of Send-Looking Statements” and “Exposure Circumstances” on Information Memorandum. Regal assumes zero responsibility to revision otherwise complement send-searching statements you to definitely feel not true because of further situations, the new recommendations otherwise.

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