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New Issue-Ameristar Casinos adds $150 mln to 5-yr sr notes

Thu May 21, 2009 12:29pm EDT

Stocks

   
 May 21 (Reuters) - Las Vegas-based Ameristar Casinos Inc
(ASCA.O) on Thursday added $150 million to its existing 9.25
percent senior notes due June 2014 in the 144a private
placement market, said IFR, a Thomson Reuters service.
 The company had originally sold $500 million of the notes
on May 12.
 Bank of America, Deutsche Bank, and Wachovia were the joint
bookrunning managers for the sale.
BORROWER: AMERISTAR CASINOS INC
AMT $150 MLN*   COUPON 9.25 PCT     MATURITY 6/1/2014  
TYPE SR NOTES   ISS PRICE 100       FIRST PAY 12/1/2009
MOODY'S B2      YIELD 9.25 PCT      SETTLEMENT 5/27/2009
S&P B-PLUS      SPREAD 726 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A         MORE THAN TREAS   NON-CALLABLE 2.5 YEARS**
*FULLY FUNGIBLE WITH EXISTING $500 MLN NOTES
**CALL SCHEDULE: 12/1/2011 AT 104.625, 102.313, 100
  MAKE-WHOLE CALL 50 BPS
  EQUITY CLAW 2Y 35 PCT AT 109.25




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