Great Canadian Gaming Announces Closing of Redemption of Senior Unsecured Notes
Great Canadian Gaming Announces Closing of Redemption of Senior Unsecured Notes |
[11-December-2018] |
COQUITLAM, BC, Dec. 11, 2018 /CNW/ - Great Canadian Gaming Corporation [TSX:GC] ("Great Canadian," or "the Company") today completed its previously announced early redemption of the 6.625% senior unsecured notes ("Senior Unsecured Notes"). All the Senior Unsecured Notes were redeemed today for a total redemption price of $471.3 million, including principal of $450.0 million, an early redemption premium of $9.9 million and unpaid interest of $11.4 million. The Company funded the redemption using proceeds from the $350.0 million term loan facility under its senior secured credit facilities agreement and available cash reserves. ABOUT GREAT CANADIAN GAMING CORPORATION GREAT CANADIAN GAMING CORPORATION [TSX:GC] SOURCE Great Canadian Gaming Corporation | ||
Company Codes: Toronto:GC |
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