Isle of Capri Casinos, Inc. Announces Public Offering of Common Stock
Isle of Capri Casinos, Inc. (Nasdaq: ISLE) today announced that it has commenced an offering of 9,000,000 shares of its common stock in an underwritten public offering. The Company intends to grant the underwriters of the offering an option for 30 days to purchase up to 1,350,000 additional shares of common stock to cover over-allotments, if any.
The Company intends to use a portion of the net proceeds from the offering to temporarily repay borrowings outstanding under the revolving line of credit, of which $80 million was incurred to fund the purchase of the Rainbow Casino in Vicksburg, Mississippi, and to use the remaining proceeds for general corporate purposes.
Deutsche Bank Securities and Credit Suisse are acting as the joint book-running managers and Wells Fargo Securities is acting as a joint lead manager. Deutsche Bank Securities and Credit Suisse are acting as the representatives of the underwriters.
The offering is being made only by means of a prospectus supplement and accompanying base prospectus. The Company has filed a registration statement (including the base prospectus) and the prospectus supplement relating to the offering and other documents containing more complete information about the Company with the Securities and Exchange Commission. You may obtain these documents free of charge by visiting the Securities and Exchange Commission website at www.sec.gov. Alternatively, copies of the prospectus supplement and the base prospectus may be obtained from Deutsche Bank Securities, Attention: Prospectus Department, 100 Plaza One, Jersey City, New Jersey 07311, by calling (800) 503-4611 or by e-mail to [email protected], from Credit Suisse, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, or by calling (800) 221-1037, or from Wells Fargo Securities, Attention: Equity Syndicate Department, 375 Park Avenue, New York, New York 10152, by calling (800) 326-5897 or by e-mail to [email protected].
