International edition
September 19, 2020

Due to recent market conditions

Isle of Capri Casinos postpones Common Stock Offering

(US).- Isle of Capri Casinos announced that, as a result of recent market conditions, it has postponed the proposed public offering of 9,000,000 shares of its common stock, which had been announced last Monday.

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ast July 28th, Isle of Capri Casinos had announced that it has commenced an offering of 9,000,000 shares of its common stock in an underwritten public offering. The firm said that it intended to grant the underwriters of the offering an option for 30 days to purchase up to 1,350,000 additional shares of common stock to cover over-allotments, if any.

The company intended to use a portion of the net proceeds from the offering to temporarily repay borrowings outstanding under the revolving line of credit, of which us$ 80 million was incurred to fund the purchase of the Rainbow Casino in Vicksburg, Mississippi, and to use the remaining proceeds for general corporate purposes.

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