(Read more on the debt and equitymarkets.)
LAS VEGAS-Locally based Riviera Holdings Corp. has retainedWachovia Bank to market and syndicate up to $245 million of seniorsecured credit facilities. The public casino operator says thefacilities would be comprised of a new $20-million five-yearrevolving credit facility and a new $225-million seven-year termloan facility.
Substantially all of the outstanding principal amount of theterm loan would mature in the seventh year of the term. Rivierawould be permitted to prepay the facilities without premium orpenalties, subject to any arrangements Riviera may enter intorelated to any LIBOR-based loan.
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