1200.07.08.15

Eldorado Resorts, Inc. said it intends to offer $375 million in aggregate principal amount of senior notes due in 2023.

Eldorado intends to apply the net proceeds of the sale of the Notes, together with borrowings under a proposed new $425 million term loan, proceeds from the proposed sale of equity securities, borrowings under a proposed new $150 million revolving credit facility and cash on hand, to purchase or otherwise redeem or discharge all of the outstanding 8.625 percent Senior Secured Notes due 2019 issued by Eldorado Resorts LLC and Eldorado Capital Corp. and all of the outstanding 11.50 percent Senior Secured Second Lien Notes due 2019 issued by MTR Gaming Group, Inc., pay the purchase price for the purchase of all of the assets of Circus Circus Reno and the 50 percent interest in the Silver Legacy joint venture that is currently owned by a subsidiary of MGM Resorts International and repay all amounts outstanding under the Silver Legacy Joint Venture credit facility, and pay fees and costs associated with such transactions.