Golden Nugget Casinos Operator Prices $1.4B In Notes
By Sophia Morris (September 13, 2017, 7:35 PM EDT) -- Casino and hotel operator Golden Nugget Inc. announced Wednesday that it had priced a $1.415 billion notes offering and that it will combine its casino operations with those of restaurant chain operator Landry's Inc., joining the two companies, which are both owned by a Texas billionaire.
The offering includes $745 million in additional senior notes due 2024 and $670 million in senior subordinated notes due 2025. The proceeds of the offering will be used to refinance Golden Nugget's existing debts and refinance its credit facility, the company said in a statement. Golden Nugget will also take on the $600 million in...
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