AGY Argosy Gaming

Argosy Gaming Company Announces Redemption of All of Its Remaining 10-3/4% Senior Subordinated Notes ALTON, Ill., April 27 /PRNewswire-FirstCall/ -- Argosy Gaming Company , announced today that it has called for redemption all of its remaining outstanding 10-3/4% Senior Subordinated Notes due 2009 ("Notes") pursuant to section 3.07 of the Indenture dated as of June 8, 1999. The Notes will be redeemed in full on June 1, 2004 ("the redemption date") at a redemption price of $1,107.50 per $1,000 principal amount, representing 105.375% of the principal amount thereof plus $53.75 per $1,000 principal amount in accrued interest from the most recent interest payment date through the redemption date. The Company had previously purchased $329,326,000, or 94%, of its outstanding 10-3/4% Notes pursuant to a tender offer undertaken in conjunction with the February 8, 2004 issuance by the Company of $350 million of new 7% Senior Subordinated Notes due 2014. Pursuant to the terms of the 10-3/4% Notes indenture, the $20,674,000 remaining outstanding 10-3/4% Notes will be paid in full and cancelled on the redemption date. Argosy Gaming Company is a leading owner and operator of six casinos located in the central United States. Argosy owns and operates the Alton Belle Casino in Alton, Illinois, serving the St. Louis metropolitan market; the Argosy Casino- Riverside in Missouri, serving the greater Kansas City metropolitan market; the Argosy Casino-Baton Rouge in Louisiana; the Argosy Casino-Sioux City in Iowa; the Argosy Casino-Lawrenceburg in Indiana, serving the Cincinnati and Dayton metropolitan markets; and the Empress Casino Joliet in Illinois serving the greater Chicagoland market. DATASOURCE: Argosy Gaming Company CONTACT: Erin Williams of Argosy Gaming Company, +1-618-474-7465 Web site: http://www.argosycasinos.com/

Copyright