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Circus Circus Issues Senior Debentures

LAS VEGAS, Nov. 21 /PRNewswire/ -- Circus Circus Enterprises, Inc. (NYSE: CIR) today issued $300 million of senior unsecured debentures -- $150 million due November 15, 2096, including a 7-year put option, with a coupon of 6.70% (priced to yield 6.74%) and $150 million due November 15, 2036, including a 12-year put option, with a coupon of 7.00% (priced to yield 7.01%).

The issues were rated BBB+ by Standard and Poor's and Baa2 by Moody's Investors Service. Morgan Stanley Co. was lead underwriter for the "century bond" and Goldman Sachs & Co. led the 40-year issue.

The maturities of these debentures mark historic firsts for the gaming industry. Proceeds from the offering will be used to replace other corporate borrowings.

SOURCE Circus Circus Enterprises, Inc.
 -0- 11/21/96

/CONTACT: Glenn Schaeffer of Circus Circus Enterprises, 702-691-5912/


CO: Circus Circus Enterprises, Inc. ST: Nevada IN: CNO SU: OFR

CW-EQ -- LATH067 -- 5688 11/21/96 19:44 EST
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Publication:PR Newswire
Date:Nov 21, 1996
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