New Issue-Ameristar Casinos sells $800 mln notes

Thu Mar 31, 2011 5:04pm EDT

  March 31 (Reuters) - Ameristar Casinos Inc ASCA.O on
Thursday sold $800 million of senior notes in the 144a private
placement market, said IFR, a Thomson Reuters service.
  Wells Fargo, Deutsche Bank, Bank of America Merrill Lynch,
JP Morgan and Credit Agricole were the joint bookrunning
managers for the sale.
BORROWER: AMERISTAR CASINOS INC
AMT $800 MLN      COUPON 7.50 PCT     MATURITY 4/15/2021 
TYPE SR NTS       ISS PRICE 99.125    FIRST PAY 10/15/2011
MOODY'S B3        YIELD 7.625 PCT     SETTLEMENT 4/14/2011
S&P B-PLUS        SPREAD 416 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 4 YRS*
*MAKE-WHOLE CALL 50 BPS                                  

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