Harrah's Offers $750 Million in Notes
Harrah's Operating Company, Inc., a wholly owned subsidiary of Harrah's Entertainment, Inc. (NYSE:HET), today announced the pricing of a private placement of $750 million of 5 5/8% senior notes due 2015.
The senior notes will be guaranteed by Harrah's Entertainment, Inc. Net proceeds from the offering will be used to refinance and extend maturity of outstanding indebtedness.
The securities to be offered have not been registered under the Securities Act of 1933, as amended, or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any security.
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2005-05-12
