Isle of Capri Seeks $825 Million of Loans to Pay Down Term Debt
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Isle of Capri Casinos Inc., the developer, owner and operator of gaming facilities, is seeking $825 million of loans to refinance existing bank debt.
The company is in discussions with lenders to raise a $325 million revolving credit line maturing 2016 and a $500 million term loan due 2017, St. Louis-based Isle of Capri said today in a regulatory filing. The company said it also plans to sell $300 million of senior notes due 2019 to repay existing term loans.