Brief: Century Casinos Enters Into Definitive Agreement To Acquire Nugget Casino Resort In Nevada

Century Casinos

23/02/2022 11:12

Feb 23 (Reuters) - Century Casinos Inc  CNTY.O :
    * CENTURY CASINOS ENTERS INTO DEFINITIVE AGREEMENT TO
ACQUIRE
NUGGET CASINO RESORT IN NEVADA
    * CENTURY CASINOS- ENTERED INTO  DEFINITIVE AGREEMENT TO
ACQUIRE
50% OF SMOOTH BOURBON, LLC
    * CENTURY CASINOS INC SAYS WILL ALSO HAVE FIVE-YEAR OPTION
TO
PURCHASE REMAINING 50% OF PROPCO FOR $105 MILLION PLUS 2% PER
ANNUM
    * CENTURY CASINOS INC SAYS GOLDMAN SACHS BANK USA HAS
PROVIDED
COMMITMENT LETTER FOR $350 MILLION IN SENIOR SECURED TERM LOAN
FINANCING TO SUPPORT DEAL
    * CENTURY CASINOS INC- ENTERED INTO A DEFINITIVE AGREEMENT
TO
ACQUIRE 100% OF NUGGET SPARKS, LLC DBA NUGGET CASINO RESORT FROM
MARNELL GAMING, LLC
    * CENTURY CASINOS INC SAYS PROPCO TRANSACTION AND FINANCING
ARE
EXPECTED TO CLOSE EARLY IN Q2 OF 2022

Source text for Eikon:  ID:nCNWjQkbRa 
Further company coverage:  CNTY.O 

 ((Reuters.Briefs@thomsonreuters.com;))