International edition
June 12, 2021

For its tender offer of its 7% Senior Subordinated Notes due 2014

Isle of Capri Casinos announces expiration of the early tender time and withdrawal deadline

(US).- Isle of Capri Casinos announced, pursuant to the terms of its previously announced cash tender offer to purchase up to an aggregate principal amount of us$ 140 million of its 7% Senior Subordinated Notes due 2014, that holders had validly tendered and not withdrawn us$ 322,786,000 aggregate principal amount of the Notes outstanding, or approximately 64.56%.

T

he expiration of the Early Tender Time and Withdrawal Deadline was last January 27. Pursuant to the terms of the Tender Offer, any tender, whether made before or after the Withdrawal Deadline, may no longer be withdrawn. The terms of the Tender Offer, including all capitalized terms not defined herein, are contained in the Offer to Purchase, dated January 13, 2009, and in the related Letter of Transmittal.

Holders that tendered Notes prior to the expiration of the Early Tender Time that were not validly withdrawn and are accepted in the Tender Offer will receive us$ 580 per us$ 1,000 principal amount tendered and accepted, which includes a us$ 30 Early Tender Premium.

Holders whose Notes are accepted for payment but who validly tendered such Notes after the Early Tender Time, and at or prior to the Expiration Time, will only be eligible to receive the Tender Offer Consideration of us$ 550 per us$ 1,000 principal amount of Notes accepted for payment pursuant to the Tender Offer. It will expire next February 11, unless extended or earlier terminated.

Isle’s obligation to accept and pay for Notes tendered in the Tender Offer is subject to the satisfaction or waiver of certain conditions. The amount of Notes tendered and not validly withdrawn prior to the Early Tender Time exceeds the maximum of us$ 140 million aggregate principal amount being sought and will be accepted on a pro rata basis with all Notes tendered prior to the Expiration Time. As a result, the pro ration factor cannot be determined prior to the Expiration Time.

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