Ameristar Casinos to offer $500M in notes

May 8, 2009 11:15 PM
Staff & Wire Reports |

Casino operator Ameristar Casinos Inc. on Friday said it will offer $500 million in senior unsecured notes due 2014.

The Las Vegas-based company plans to use proceeds to prepay and permanently retire part of revolving loans outstanding under its senior secured credit facility.

Shares rose 98 cents, or 4.7 percent, to $21.76 during afternoon trading. The stock has traded between $4.64 and $23 over the past year.

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