Cahill Represents Financing Sources in Acquisition by Eldorado Resorts
Cahill represented J.P. Morgan, Macquarie Capital, Credit Suisse, US Bancorp, and KeyBanc Capital Markets as joint book-running managers in connection with the Rule 144A offering of $375,000,000 aggregate principal amount of 7% Senior Notes due 2023 by Eldorado Resorts, Inc., a gaming and hospitality company that owns and operates gaming facilities in Ohio, Louisiana, Nevada, Pennsylvania and West Virginia. Proceeds from the offering were used to refinance existing indebtedness and to finance the acquisition of 50% interest in the Silver Legacy Resort Casino Reno, as well as all of the assets of Circus Circus Reno.
Cahill also represented JPMorgan Chase Bank, N.A. as administrative agent, and the other arrangers in connection with $575,000,000 senior secured credit facilities, comprised of a $425,000,000 term loan facility and a $150,000,000 revolving credit facility for Eldorado Resorts, Inc. Proceeds were used from the term loan facility, to refinance outstanding debt securities and to pay related transaction costs thereunder, and from the revolving credit facility, for working capital and general corporate purposes.