Rivers Enterprise Borrower completes $991m Pittsburgh casino recapitalisation
Rivers Enterprise Borrower said it completed the recapitalisation of Rivers Casino Pittsburgh, becoming the property’s sole owner and operator. The transaction valued the casino resort and hotel at $991 million; the company had disclosed a $600 million senior-note offering in September to fund the acquisition and related repayments and costs.
Sole ownership gives Rivers Enterprise Borrower control of a casino resort and hotel valued at $991 million.