Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - Gold Merger Sub, LLC | c00764e8vk.htm |
| EX-4.1 - EXHIBIT 4.1 - Gold Merger Sub, LLC | c00764exv4w1.htm |
| EX-4.3 - EXHIBIT 4.3 - Gold Merger Sub, LLC | c00764exv4w3.htm |
| EX-99.1 - EXHIBIT 99.1 - Gold Merger Sub, LLC | c00764exv99w1.htm |
Exhibit 99.2
CONTACT: |
||
Lewis Fanger
|
Richard Land, James Leahy | |
Vice President, Investor Relations
|
Jaffoni & Collins Incorporated | |
702/541-7777 or investors@pnkmail.com
|
212/835-8500 or pnk@jcir.com |
PINNACLE ENTERTAINMENT CLOSES ISSUANCE OF $350 MILLION
OF NEW 8.75% SENIOR SUBORDINATED NOTES
OF NEW 8.75% SENIOR SUBORDINATED NOTES
LAS VEGAS, May 6, 2010 - Pinnacle Entertainment, Inc. (NYSE: PNK) announced today that it has
closed the previously announced private offering of $350 million in aggregate principal amount of
new 8.75% senior subordinated notes due 2020. The notes were issued at par.
The Company will use a portion of the net proceeds from this offering to redeem all of its existing
8.25% senior subordinated notes due 2012 and to repay all $80 million in outstanding revolving
credit borrowings under its credit facility. The Company will redraw revolver borrowings to fund
its Baton Rouge project as construction proceeds. The Company will also use the remaining net
proceeds from the offering for general corporate purposes, including funding its Baton Rouge
project.
The new senior subordinated notes have not been registered under the Securities Act of 1933 or any
state securities laws and may not be offered or sold in the United States absent registration or an
applicable exemption from registration requirements. This press release shall not constitute an
offer to sell or a solicitation of an offer to buy the new senior subordinated notes.