Paul Hastings Advises Yonkers Racing Corporation on High-Yield Offering
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.
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