Special Report -- River Rock Entertainment Authority
River Rock Entertainment Authority is offering bondholder a great tender offer provided they respond to their brokerage firm by Friday, December 2, 2011 in some cases.
River Rock Entertainment Authority (the "Authority"), the operator of the River Rock Casino in Sonoma County, California, announced today that it has commenced an offer to exchange (the "Offer") any and all of the $200 million in aggregate principal amount outstanding of its 9 3/4% Senior Notes due 2011 (the "Existing Notes") (CUSIP No. 768369AB6 and ISIN No. US768369AB61). The bondholders will receive the new 9% Senior Notes due 2018 (the "New Series A Notes") or new 71/2% tax-exempt Series B Senior Notes due 2018 (the "New Series B Notes" and, collectively with the New Series A Notes, the "New Notes") or any combination thereof. This means that you have a choice of receiving a taxable and/or tax exempt bonds. The bonds will be exchange $1,000 per $1,000 per bond or a 100% exchange to bondholders.
It is important that bondholders contact their brokerage form on this tender offer before Friday, Dec. 2, 2011. Bondholders that exchange their bonds by 12:00 midnight, New York City time, on December 19, 2011 will receive unpaid interest up to Nov. 1, 2011.
Bondholders can get an additional consent premium if they exchange their bonds by 12:00 midnight, New York City time, on December 5, 2011. Bondholders will received 9 3/5% interest up to but not including Nov. 1, 2011.
Below is a copy of the River Rock Entertainment Authority News Release;
http://mail.aol.com/34945-111/aol-6/en-us/Suite.aspx
2 comments:
Thank you. I didn't hear from Fidelity until Dec 5 ...would have been too late for early consent premium, but you saved the day!
Tom23, keep reading this blog. If you have the same interest that I have, you can bet that as soon as I get the information about the bonds, you will have it in less than 24 hours.
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