Ameristar Casinos is raising around $800 million in a sale of notes. It will use the proceeds to repurchase its outstanding 9.25% senior notes due 2014 and to prepay and permanently retire all of the indebtedness under its senior secured credit facilities.

Ameristar will also repurchase shares of its common stock from the estate of Craig Neilsen and pay related fees and expenses form the proceeds. The senior unsecured notes being sold by the U.S. casino operator will be due in 2021.

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