Business News • MarketWire • The Pokagon Gaming Authority Commences Tender Offer and Consent Solicitation in Connection With Its 10 3/8% Senior Notes Due 2014 |
The Pokagon Gaming Authority Commences Tender Offer and Consent Solicitation in Connection With Its 10 3/8% Senior Notes Due 2014 |
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The Pokagon Gaming Authority Commences Tender Offer and Consent Solicitation in Connection With Its 10 3/8% Senior Notes Due 2014
DOWAGIAC, MI--(Marketwire - Jun 16, 2011) - The Pokagon Gaming Authority (the "Authority"), a wholly owned unincorporated instrumentality of the Pokagon Band of Potawatomi Indians, a federally-recognized Indian tribe (the "Tribe"), announced today that it has commenced a cash tender offer for any and all of its 10 3/8% Senior Notes due 2014 (CUSIP Nos. 730857AA7 and U72683AA0) (the "Notes"). The tender offer is scheduled to expire at 8:00 a.m., New York City time, on July 15, 2011, unless extended or earlier terminated by the Authority in its sole discretion. In connection with the cash tender offer, the Authority is also soliciting consents from the holders of the Notes to amend the indenture under which the Notes were issued to eliminate substantially all of the restrictive covenants as well as certain events of default and related provisions contained therein, and, if holders of at least 66 2/3% of the aggregate principal amount of the outstanding Notes consent, to release the security interest in all of the collateral securing the Notes. Holders may not tender their Notes without delivering consents or deliver consents without tendering their Notes.
View More : http://www.marketwire.com/mw/release.do?id=1528032&sourceType=3
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