Isle of Capri Casinos to refinance debt

Isle of Capri casino signage | Courtesy of Dustin Oliver/Flickr
Courtesy of Dustin Oliver/Flickr

Isle of Capri Casinos plans to refinance and partially pay down $300 million in debt due in 2019, the Creve Coeur-based casino operator announced Tuesday.

Much of the refinancing will come from $150 million in senior notes that mature in 2021 and have a coupon rate of 5.875 percent. The company plans to increase borrowings and use cash on hand to buy the reminder of the 2019 senior notes.

Read more from the St. Louis Post-Dispatch

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