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SUBSEQUENT EVENTS
9 Months Ended
Jun. 30, 2013
Subsequent Events [Abstract]  
Subsequent Events
SUBSEQUENT EVENTS:
In late July and early August 2013, the Authority engaged in several transactions relating to the refinancing of certain of its outstanding indebtedness, as set forth below.
Consent Solicitation to Amend the 2012 Second Lien Notes Indenture
On July 22, 2013, the Authority commenced a solicitation of consents to amend the indenture governing the 2012 Second Lien Notes to permit the Authority to refinance its outstanding subordinated notes with senior unsecured indebtedness and to enter into certain transactions with the Tribe in the event that the Tribe constructs a hotel on Tribal land currently leased by the Authority. On July 30, 2013, the Authority received the consents required to make the requested changes to the 2012 Second Lien Notes indenture and entered into a supplemental indenture incorporating the proposed amendments. While the supplemental indenture became effective upon execution, the proposed amendments will not become operative until such time, if any, that the conditions of the consent solicitation, including, among other things, a financing condition, are satisfied or waived and the consent payment (which consists of $2.50 per $1,000 principal amount of the 2012 Second Lien Notes) is paid to holders who validly delivered (and did not validly revoke) their consent to the proposed amendments. If any of the conditions are not satisfied, the Authority is under no obligation to make the consent payment. The Authority has the right to waive any of the conditions to the consent solicitation.


Tender Offer
On July 30, 2013, the Authority commenced a tender offer to purchase for cash any and all of its 2012 Third Lien Notes. Concurrently with this tender offer, the Authority is soliciting consents to proposed amendments to the indenture governing the 2012 Third Lien Notes, providing for the elimination of substantially all of the indenture's restrictive covenants and elimination or modification of certain events of default and related provisions contained in the indenture. Holders that tender the 2012 Third Lien Notes must also consent to such proposed amendments to the indenture. The tender offer will expire at 12:00 midnight, New York City time, on August 28, 2013, unless extended or earlier terminated.
Senior Unsecured Notes Offering
On July 30, 2013, the Authority announced a proposed offering of senior unsecured notes due 2021 (the “2013 Senior Unsecured Notes”) and, on August 6, 2013, the Authority announced that it will issue at par $500.0 million in aggregate principal amount of the 2013 Senior Unsecured Notes. The 2013 Senior Unsecured Notes will bear interest at a fixed rate of 9.75% per annum, payable semi-annually, in cash and in arrears on March 1st and September 1st, commencing March 1, 2014. The 2013 Senior Unsecured Notes will mature on September 1, 2021. The Authority anticipates using the net proceeds from the issuance of the 2013 Senior Unsecured Notes, together with borrowings under its Bank Credit Facility, to finance the repurchase or redemption of all of its outstanding 2012 Third Lien Notes, to repurchase other of its outstanding indebtedness and to pay related fees and expenses.

The 2013 Senior Unsecured Notes will be senior unsecured obligations of the Authority and will be fully and unconditionally guaranteed, jointly and severally, by the Guarantors. The offering is expected to close on August 15, 2013, subject to customary conditions.