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Majestic Star mulling alternatives to current debt structures

Casino_rouletter_wheel-RGBTUNICA — The Majestic Star Casino, LLC intends to consider alternative debt structures to refinance its existing first lien senior secured credit facility due Dec. 1, 2014, and second lien secured notes due Dec. 1, 2016.

Proceeds from the refinancing will refinance commitments under the credit facility and the current principal balance on the notes.

Majestic Star is a multi-jurisdictional gaming company that directly owns and operates two dockside gaming facilities, hotel and pavilion located in Gary, Indiana (Majestic Star and Majestic Star II) and a Fitzgerald’s brand casino hotel located in Tunica (Fitz Tunica).

 

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