Atlanta, GA (May 13, 2011) - Paul, Hastings, Janofsky & Walker LLP, a leading global law firm, announced today that the firm advised Yonkers Racing Corporation, a provider of video gaming machines, live harness racing, and simulcasting services in New York, in its new offering of $100 million aggregate principal amount of its 11 3/8% Senior Secured Notes due 2016.
The transaction also involved a consent solicitation from the holders of Yonkers existing $202.5 million aggregate principal amount outstanding 11 3/8% Senior Secured Notes to allow for certain amendments to the indenture governing the notes which were needed in order to issue the new notes.
Corporate partner Elizabeth Noe
led the Paul Hastings team, which included Brian Teras
, Jeffrey Pellegrino
, Karen Contoudis Buzard
, Hyunah Kang
, Andy Short
, and Farzam Kamel
Paul, Hastings, Janofsky & Walker is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.