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Non-Tech : AZTAR ( AZR )
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To: T Pat who wrote ()4/19/1999 6:27:00 PM
From: Paul Lee   of 161
 
Hmm, what will they do with all the money

Aztar Corporation Anticipates $200 Million Private Offering of Senior Subordinated Notes

PHOENIX, April 19 /PRNewswire/ -- Aztar Corporation (NYSE: AZR) announced today that it anticipates offering $200,000,000 in aggregate principal amount of Senior Subordinated Notes due 2007 in a private placement pursuant to Rule 144A under the Securities Act of 1933. The net proceeds from the offering, after payment of selling commissions and discounts, and other expenses of the offering, are expected to be used to redeem the remaining $125 million of its 11% Senior Subordinated Notes due 2002 and to repay outstanding borrowings under its revolving bank credit facility.
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