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CIRCUS CIRCUS ANNOUNCES CLOSING OF $300 MILLION DEBT OFFERING

 LAS VEGAS, July 23 /PRNewswire/ -- Circus Circus Enterprises Inc. announced today that it closed its public offering of $150 million 6 3/4 percent senior subordinated notes due July 15, 2003, and $150 million 7 5/8 percent senior subordinated debentures due July 15, 2013. The 6 3/4 percent notes were priced at 99.894 percent, to yield 6.765 percent, and the 7 5/8 percent debentures were priced at par.
 Both issues have been rated BBB+ by Standard & Poor's and Baa3 by Moody's.
 Net proceeds from the offering to the company, which totaled approximately $297.6 million, will be used to repay substantially all of the indebtedness outstanding under the company's existing bank lines of credit as well as additional commercial paper borrowings.
 The offering was managed by Salomon Brothers Inc., Donaldson Lufkin & Jenrette Securities Corp., Oppenheimer & Co. Inc., Wertheim Schroder & Co. Inc. and Dean Witter Reynolds Inc.
 Copies of the prospectus may be obtained from Salomon Brothers Inc., Seven World Trade Center, New York, N.Y.
 Circus Circus is a New York Stock Exchange-listed U.S. corporation based in Las Vegas. The company is the largest casino operator in terms of casino square footage and has been in the casino business for more than 19 years. Circus operates seven hotel/casinos in Las Vegas, Reno and Laughlin, Nev. Two new projects, Luxor and Grand Slam Canyon, are due to open before the end of the year.
 -0- 7/23/93
 /CONTACT: Clyde T. Turner of Circus Circus Enterprises, 702-734-0410, ext. 3189/


CO: Circus Circus Enterprises Inc. ST: California IN: CNO SU: OFR

BP-EH -- LA008 -- 5099 07/23/93 11:26 EDT
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Publication:PR Newswire
Date:Jul 23, 1993
Words:275
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