New Issue-Yonkers Racing sells $225 mln in 7-yr notes

July 13 (Reuters) - Yonkers Racing Corp [YRACI.UL] on
Monday sold $225 million of seven-year senior secured second
lien notes in the 144a private placement market, said IFR, a
Thomson Reuters service.

Credit Suisse and JP Morgan were the joint bookrunning
managers for the sale.
BORROWER: YONKERS RACING CORPORATION
AMT $225 MLN COUPON 11.375 PCT MATURITY 7/15/2016
TYPE SR SEC NTS ISS PRICE 97.095 FIRST PAY 1/15/2010
MOODY'S B1 YIELD 12.00 PCT SETTLEMENT 7/15/2009
S&P B-PLUS SPREAD 912 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS NON-CALLABLE 4 YEARS*
*CALL SCHEDULE: 105.699, 102.844, 100
EQUITY CLAW: 3-YR 35 PCT AT 111.375