American Casino & Entertainment Properties, LLC and ACEP Finance Corp. Pricing of $375 Million of Senior Secured Notes.

Entertainment Newsweekly | August 28, 2009 | Copyright

American Casino & Entertainment Properties, LLC ("ACEP") and ACEP Finance Corp. (together, with ACEP, the "Issuers"), have priced an offering of $375 million aggregate principal amount of 11% senior secured notes due 2014. Gross proceeds, after taking into account original issue discount, will be $311,250,000. The Issuers intend to use the proceeds from the offering to repay the existing senior secured term loan of ACEP and as a result of the notes offering such senior secured term loan will be repaid in full.

The notes will be jointly, severally and unconditionally ...

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