-Marina District Finance Company Completes Exchange Offer for Senior Secured Notes.
Travel Business Review - 04 July 2011
Marina District Finance Company, Inc, a US-based subsidiary of Marina District Development Company, LLC, which develops and owns Borgata Hotel Casino and Spa, has announced the completion of an exchange offer of Senior Secured Notes due 2015, and Senior Secured Notes due 2018.
The company has completed exchange all of its outstanding USD400m aggregate principal amount of 9-1/2 percent Senior Secured Notes due 2015, and USD400m aggregate principal amount of 9-7/8 percent Senior Secured Notes due 2018, for new 9-1/2 percent Senior Secured Notes due 2015 and 9-7/8 percent Senior Secured Notes due 2018. The exchange offer expired on June 28, 2011.
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