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News Breaks
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November 17, 2009
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| 13:33 EDT |  | ASCA |
| theflyonthewall.com: | Ameristar Casinos extends maturity of loan commitments | | Ameristar Casinos announced that it has extended the maturity date of $600M of revolving loan commitments under its senior secured credit facility from November 10, 2010 to August 10, 2012. Based on the Company's current leverage ratio, the new 2012 revolving loan tranche, under which $514.4M of loans are currently outstanding, is priced 37.5 basis points higher than the preexisting 2010 revolving loan tranche. The $150M of non-extending revolving commitments comprising the 2010 tranche, under which $128.6M of loans are currently outstanding, remain currently priced at 287.5 basis points over LIBOR. In connection with obtaining the extensions, the Company paid the joint lead arrangers and extending lenders approximately $6.7M in one-time fees. :theflyonthewall.com |
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January 31, 2012
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| 08:02 EDT |  | ASCA |
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January 30, 2012
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| 08:37 EDT | | ASCA |
| theflyonthewall.com: | Ameristar Casinos increases cash dividend by 19% | | Ameristar Casinos announced that its Board of Directors has declared a quarterly cash dividend of 12.5c per share, payable March 15 to stockholders of record as of Feb. 29. This represents an annual rate of 50c per share, a 19% increase over the annual dividend for 2011. :theflyonthewall.com |
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