U.S. gaming facilities company, Isle of Capri Casinos,is seeking to secure a credit facility worth $825 million to refinance existing bank debt, Bloomberg reports. The company is planning to raise $325 million revolving credit line maturing 2016 and a $500 million term loan due 2017.
The lead arrangers of the loan are Wells Fargo, CreditSuisse Group and Deutsche Bank. Isle of Capri is also aiming to sell $300 million of senior notes due 2019 to repay existing term loans.
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