-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CXQ0IQcW/1hNUYrNAASN6F5pNXM4Lc+a12Mj7iSA1uv4InjocXZFii2yBFDjYO2q chUJGLSfpQD8mJWdYRHzBg== 0000950123-10-098291.txt : 20101101 0000950123-10-098291.hdr.sgml : 20101101 20101029182315 ACCESSION NUMBER: 0000950123-10-098291 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20101028 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20101101 DATE AS OF CHANGE: 20101029 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PINNACLE ENTERTAINMENT INC. CENTRAL INDEX KEY: 0000356213 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] IRS NUMBER: 953667491 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13641 FILM NUMBER: 101153064 BUSINESS ADDRESS: STREET 1: 8918 SPANISH RIDGE AVENUE CITY: LAS VEGAS STATE: NV ZIP: 89148 BUSINESS PHONE: 702-541-7777 MAIL ADDRESS: STREET 1: 8918 SPANISH RIDGE AVENUE CITY: LAS VEGAS STATE: NV ZIP: 89148 FORMER COMPANY: FORMER CONFORMED NAME: PINNACLE ENTERTAINMENT INC DATE OF NAME CHANGE: 20000225 FORMER COMPANY: FORMER CONFORMED NAME: HOLLYWOOD PARK INC/NEW/ DATE OF NAME CHANGE: 19920703 8-K 1 c07227e8vk.htm FORM 8-K Form 8-K
 
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 28, 2010

PINNACLE ENTERTAINMENT, INC.
 (Exact name of registrant as specified in its charter)
         
Delaware   001-13641   95-3667491
(State or other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)
     
8918 Spanish Ridge Avenue, Las Vegas, Nevada
   89148
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (702) 541-7777
 
N/A
(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 

1

 

Item 1.01.   Entry into a Material Definitive Agreement.

On October 28, 2010, Pinnacle Entertainment, Inc. (the “Company”) entered into a Second Amendment to the Third Amended and Restated Credit Agreement with Barclays Bank PLC, as the administrative agent and the lenders party thereto (the “Second Amendment”), which amends the Company’s Third Amended and Restated Credit Agreement dated as of February 5, 2010, as previously amended (the “Credit Agreement”).  The purpose of the Second Amendment was to modify the Company’s Credit Agreement in connection with the expanded scope and budget of the Company’s Baton Rouge project from $250 million to $357 million (exclusive of land acquisition costs and capitalized interest).

Specifically, the Second Amendment increased the capital expenditures limit for the Company’s Baton Rouge project from $235 million to $375 million. In addition, pursuant to the Second Amendment, the definition of commencement of construction was amended, with respect to the Company’s Baton Rouge project, to provide the spending from and after January 1, 2010 of an amount greater than $100 million (excluding certain costs such as land acquisition costs, costs to obtain a gaming license and capitalized interest). Prior to the Second Amendment, the definition of commencement of construction for the Company’s Baton Rouge project provided the spending from and after January 1, 2010 of an amount greater than $25 million (excluding certain costs such as land acquisition costs, costs to obtain a gaming license and capitalized interest).

The foregoing is only a summary of the terms of the Second Amendment, and is qualified by reference to the full text of the Second Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.
 

     
Exhibit No.
   Description
 
Exhibit 10.1
  Second Amendment to Third Amended and Restated Credit Agreement, dated as of October 28, 2010, by and between Pinnacle Entertainment, Inc., Barclays Bank PLC, as the administrative agent, and the Required Lenders.

 

2

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.  

       
  PINNACLE ENTERTAINMENT, INC.
  (Registrant)
 
Date: October 29, 2010
 By:   /s/ Stephen H. Capp 
 
      
      Stephen H. Capp
      Executive Vice President and Chief Financial Officer

 

3

 

INDEX TO EXHIBITS  

     
Exhibit No.   Description
 
   
Exhibit 10.1
  Second Amendment to Third Amended and Restated Credit Agreement, dated as of October 28, 2010, by and between Pinnacle Entertainment, Inc., Barclays Bank PLC, as the administrative agent, and the Required Lenders.

 

4

EX-10.1 2 c07227exv10w1.htm EXHIBIT 10.1 Exhibit 10.1
Exhibit 10.1
Execution Version
SECOND AMENDMENT TO THIRD
AMENDED AND RESTATED CREDIT AGREEMENT
This SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”), dated as of October 28, 2010, is made by and among PINNACLE ENTERTAINMENT, INC., a Delaware corporation (the “Borrower”), BARCLAYS BANK PLC, as the administrative agent (the “Administrative Agent”), and the Required Lenders.
Recitals
Whereas, the Borrower, the Lenders, and the Administrative Agent have entered into that certain Third Amended and Restated Credit Agreement dated as of February 5, 2010, as amended by that certain First Amendment to Third Amended and Restated Credit Agreement dated as of April 28, 2010 (as amended, the “Credit Agreement”). Unless otherwise noted herein, any terms defined in the Credit Agreement and not defined in this Amendment are used herein as defined in the Credit Agreement after giving effect to this Amendment;
Whereas, the Borrower has informed the Administrative Agent and the Lenders that it desires to modify the Limitation on Capital Expenditures associated with the Baton Rouge Project and has requested certain amendments to the Credit Agreement; and
Whereas, subject to the terms and conditions set forth herein, the Required Lenders are willing to amend the Credit Agreement as hereinafter set forth.
Now Therefore, in consideration of the premises and the mutual agreements set forth herein, the Borrower, the Administrative Agent and the Required Lenders agree as follows:
Section 1. Amendments to Credit Agreement. Subject to the conditions and upon the terms set forth in this Amendment and in reliance on the representations and warranties of the Borrower set forth in this Amendment, the Credit Agreement is hereby modified and amended, as of the Second Amendment Effective Date, as follows:
1.1 Amendment to Section 1.1. The definition of “Commencement of Construction” is restated in its entirety as follows:
“‘Commencement of Construction’: for any Project, the spending from and after January 1, 2010 by the Borrower and its Restricted Subsidiaries of Expenses (other than amounts expended (x) for land acquisition costs, (y) to obtain a Gaming License, and (z) for capitalized interest expense) with respect to any Project of an amount greater than the lesser of (a) $25,000,000 and (b) ten percent (10%) of the Construction Budget for such Project; provided that with respect to the Baton Rouge Project, “Commencement of Construction” means the spending from and after January 1, 2010 by the Borrower and its Restricted Subsidiaries of Expenses (other than amounts expended (x) for land acquisition costs, (y) to obtain a Gaming License, and (z) for capitalized interest expense) with respect to the Baton Rouge Project of an amount greater than $100,000,000.

 

 

 

1.2 Amendment to Section 1.1. The definition of “Responsible Officer” is restated in its entirety as follows:
“‘Responsible Officer’: the chief executive officer, president or chief financial officer of the Borrower, but in any event, with respect to financial matters, the chief financial officer of the Borrower; provided that the treasurer or vice president of finance of the Borrower may act as a Responsible Officer with respect to any Borrowing Notices to be delivered under this Agreement.”
1.3 Amendment to Section 7.16(g). Section 7.16(g) of the Credit Agreement is restated in its entirety as follows:
“(g) Capital Expenditures associated with the Baton Rouge Project which do not result in the aggregate Capital Expenditures associated with such Project being in excess of $375,000,000;”
1.4 Amendment to Section 7.17(d). Section 7.17(d) of the Credit Agreement is restated in its entirety as follows:
“(d) on and after January 1, 2010 and prior to Commencement of Construction with respect to the Baton Rouge Project, not make Capital Expenditures for the Baton Rouge Project in an amount in excess of $100,000,000.”
1.5 Amendment to Schedule 4.15(a). Schedule 4.15(a) is hereby deleted in its entirety and replaced with Schedule 4.15(a) attached hereto.
Section 2. Representations and Warranties of the Borrower. In order to induce the Required Lenders to enter into this Amendment, the Borrower represents and warrants to the Lenders that:
2.1 Organizational Power; Authorization; Enforceable Obligations. The Borrower has the organizational power and authority, and the legal right, to make, deliver and perform this Amendment and each Subsidiary Guarantor has the organizational power and authority, and the legal right, to make, deliver and perform the Consent of Guarantors in the form of Exhibit A attached hereto (the “Consent”). Each Loan Party has taken all necessary corporate or other action to authorize the execution, delivery, and performance of this Amendment and the Consent, as applicable, and the performance of the Loan Documents to which it is a party as modified by this Amendment. This Amendment and the Consent have each been duly executed and delivered on behalf of each Loan Party that is a party thereto. This Amendment, the Consent, and the Loan Documents, as amended by this Amendment, constitute a legal, valid and binding obligation of each Loan Party that is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).
2.2 No Legal Bar. The execution, delivery and performance of this Amendment, the Consent and the Loan Documents, as modified by this Amendment, will not violate in any material respect any Requirement of Law or any Contractual Obligation of the Borrower or any of its Subsidiaries and will not result in, or require, the creation or imposition of any Lien on any of their respective properties or revenues pursuant to any Requirement of Law or any such Contractual Obligation (other than the Liens created by the Security Documents or permitted thereunder). No Requirement of Law or Contractual Obligation applicable to the Borrower or any of its Subsidiaries could reasonably be expected to have a Material Adverse Effect.

 

2

 

2.3 No Default. After giving effect to this Amendment, no event has occurred, is continuing, or will result from, the execution and delivery of this Amendment or the Consent that would constitute a Default or an Event of Default.
2.4 Representations and Warranties. After giving effect to this Amendment, each of the representations and warranties made by any Loan Party in or pursuant to the Loan Documents shall be true and correct in all material respects as if made on and as of the Second Amendment Effective Date.
Section 3. Conditions to Effectiveness of this Amendment. This Amendment, and the consents and approvals contained herein, shall be effective on the date (such date, the “Second Amendment Effective Date”) when each of the following conditions has been satisfied:
3.1 Execution of Amendment. The Borrower and the Required Lenders shall have executed and delivered this Amendment.
3.2 Execution of Subsidiary Guarantor Consent. Each of the Guarantors shall have executed and delivered the Consent of Guarantors in the form of Exhibit A attached hereto.
3.3 Representations and Warranties. Each of the representations and warranties made by any Loan Party in or pursuant to the Loan Documents shall be true and correct in all material respects on and as of the Second Amendment Effective Date as if made on and as of such date after giving effect to this Amendment.
3.4 No Default. After giving effect to this Amendment and the extension of credit to be made on such date, if any, and the application of the proceeds of such extension of credit, no Default or Event of Default shall have occurred and be continuing on the Second Amendment Effective Date.
3.5 Approvals. All governmental and third party approvals necessary or advisable in connection with the transactions contemplated by this Amendment and the amendments to the other Loan Documents, if any, shall have been obtained and be in full force and effect or otherwise applied for or requested (and the Borrower has no reason to believe that they will not be obtained in due course), and all applicable waiting periods shall have expired without any action being taken or threatened by any competent authority which would restrain, prevent or otherwise impose adverse conditions on the amendments contemplated hereby.
Section 4. Effect Of Amendment; Ratification. This Amendment is a Loan Document. From and after the date on which this Amendment becomes effective, all references in the Loan Documents to the “Credit Agreement” shall mean the Credit Agreement as amended hereby. Except as expressly amended hereby or waived herein, the Credit Agreement and the other Loan Documents, including the Liens granted thereunder, shall remain in full force and effect, and all terms and provisions thereof are hereby ratified and confirmed.
Section 5. Borrower Confirmation. The Borrower confirms that as amended hereby, each of the Loan Documents is in full force and effect, and that none of the Loan Parties has any defenses, setoffs or counterclaims to its Obligations.
Section 6. GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

3

 

Section 7. No Waiver. Except as expressly set forth herein, the execution, delivery and effectiveness of this Amendment does not constitute a waiver of any Default or Event of Default, amend or modify any provision of any Loan Document or constitute a course of dealing or any other basis for altering the Obligations of any Loan Party.
Section 8. Integration. The Credit Agreement and the other Loan Documents (as amended by this Amendment) represents the entire agreement of the parties with respect to the subject matter hereof, and there are no promises, undertakings, representations or warranties by the Administrative Agent, the Lead Arranger or any Lender relative to the subject matter hereof not expressly set forth or referred to herein.
Section 9. Captions. The catchlines and captions herein are intended solely for convenience of reference and shall not be used to interpret or construe the provisions hereof.
Section 10. Counterparts. This Amendment may be executed by one or more of the parties to this Amendment on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page of this Amendment shall be effective as delivery of a manually executed counterpart hereof. A set of the copies of this Amendment signed by all the parties shall be lodged with the Administrative Agent.
[Remainder of page intentionally left blank]

 

4

 

IN WITNESS WHEREOF, each of the undersigned has duly executed this Amendment as of the date set forth above.
BORROWER:
         
  PINNACLE ENTERTAINMENT, INC., a Delaware
corporation
 		  
  By:   /s/ Stephen H. Capp    
    Name:   Stephen H. Capp   
    Title:   Executive Vice President and
Chief Financial Officer 		  
 
Second Amendment Signature Page

 

 

 

ADMINISTRATIVE AGENT:
         
  BARCLAYS BANK PLC
 		  
  By:   /s/ Craig J. Malloy    
    Name:   Craig J. Malloy   
    Title:   Director   
 
Second Amendment Signature Page

 

 

 

         
  LENDER:

Deutsche Bank Trust Company Americas
 		  
  By:   /s/ Mary Kay Coyle    
    Name:   Mary Kay Coyle   
    Title:   Managing Director   
 
     
  By:   /s/ Robert M. Wood, Jr.    
    Name:   Robert M. Wood, Jr.   
    Title:   Director   
 
Second Amendment Signature Page

 

 

 

         
  LENDER:

UBS Loan Finance LLC
 		  
  By:   /s/ Irja R. Otsa    
    Name:   Irja R. Otsa   
    Title:   Associate Director Banking Products Services, US   
 
     
  By:   /s/ Mary E. Evans    
    Name:   Mary E. Evans   
    Title:   Associate Director Banking Products Services, US   
 
Second Amendment Signature Page

 

 

 

         
  LENDER:

JPMORGAN CHASE BANK, N.A.
 		  
  By:   /s/ Marc E. Costantino    
    Name:   Marc E. Costantino   
    Title:   Executive Director   
 
Second Amendment Signature Page

 

 

 

         
  LENDER:

Bank of America, N.A.
 		  
  By:   /s/ Brian D. Corum    
    Name:   Brian D. Corum   
    Title:   Senior Vice President   
 
Second Amendment Signature Page

 

 

 

         
  LENDER:

Credit Agricole Corporate and Investment Bank
 		  
  By:   /s/ David Bowers    
    Name:   David Bowers   
    Title:   Managing Director   
 
     
  By:   /s/ Joseph A. Asciolla    
    Name:   Joseph A. Asciolla   
    Title:   Managing Director   
 
Second Amendment Signature Page

 

 

 

         
  LENDER:

Barclays Bank PLC
 		  
  By:   /s/ Craig J. Malloy    
    Name:   Craig J. Malloy   
    Title:   Director   
 
Second Amendment Signature Page

 

 

 

         
  LENDER:

Capital One, N.A.
 		  
  By:   /s/ Ross Wales    
    Name:   Ross Wales   
    Title:   Senior Vice President   
 
Second Amendment Signature Page

 

 

 

Schedule 4.15 (a)
List of Subsidiaries (Unrestricted, Restricted and Immaterial)
                             
                No.          
                Shares/Units          
                Owned by          
    Jurisdiction of   No. Shares/Units     Borrower or          
    Organization,   Issued &     Subsidiary of         Type of
Name   Type of Entity   Outstanding     Borrower     Owner   Subsidiary1
ACE Gaming LLC
(uncertificated)
  New Jersey LLC     100 %     100 %   PNK Development 13,
LLC 		  U
AREH MLK LLC
(uncertificated)
  Delaware LLC     100 %     100 %   Biloxi Casino Corp.   U
AREP Boardwalk Properties LLC
(uncertificated)
  Delaware LLC     100 %     100 %   Biloxi Casino Corp.   U
Belterra Resort Indiana, LLC (certificated, elected into UCC Article 8)
  Nevada LLC   970 Voting Units
30 Non-Voting Units 		    1,000 Units     Pinnacle Entertainment, Inc.   R
BILOXI CASINO CORP.
  Mississippi
corporation 		    1,250       1,250     Casino Magic Corp.   R
Boomtown, LLC (certificated, elected into UCC Article 8)
  Delaware LLC     100 %     100 %   Pinnacle Entertainment, Inc.   R
Brighton Park Maintenance Corp.
  New Jersey
corporation 		    100       100     ACE Gaming, LLC   U
Casino Magic Corp.
  Minnesota
corporation 		    35,000,000       35,000,000     Pinnacle Entertainment, Inc.   R
Casino Magic (Europe), BV
(uncertificated)
  Netherlands
corporation 		    40       40     Casino Magic Corp.   U
Casino Magic Hellas Management
Services, SA (uncertificated)
  Greece corporation     10,000       9,999     Casino Magic
(Europe), BV 		  U
Casino Magic Management Services Corp.
  Minnesota
corporation 		    1,000       1,000     Casino Magic Corp.   R, I
 
     
1  
“R” = Restricted; “U” = Unrestricted; “I” = Immaterial.

 

 

 

                             
                No.          
                Shares/Units          
                Owned by          
    Jurisdiction of   No. Shares/Units     Borrower or          
    Organization,   Issued &     Subsidiary of         Type of
Name   Type of Entity   Outstanding     Borrower     Owner   Subsidiary1
Casino Magic Neuquen, SA
(uncertificated)
  Argentina     3,917,000       3,917,000     Casino Magic Corp. (3,799,490 shares) and Casino Magic Management Services Corp. (117,510 shares)   U
Casino One Corporation
  Mississippi
corporation 		    100       100     Casino Magic Corp.   R
Double Bogey, LLC
(uncertificated)
  Texas LLC     100 %     100 %   Pinnacle Entertainment, Inc.   R, I
Landing Condominium, LLC
(uncertificated)
  Missouri LLC     100 %     100 %   Pinnacle Entertainment, Inc.   U
Louisiana-I Gaming, a
Louisiana Partnership in
Commendam
(uncertificated)
  Louisiana
partnership in
Commendam 		    —       —     Boomtown, LLC (5% General Partnership Interest and 90% Limited Partnership Interest)

Pinnacle Entertainment, Inc. (5% Limited Partnership Interest) 		  R
Mitre Associates LLC
(uncertificated)
  Delaware LLC     100 %     100 %   PNK Development 13,
LLC 		  U
OGLE HAUS, LLC (uncertificated)
  Indiana LLC     100 %     100 %   Belterra Resort
Indiana, LLC 		  R
Pinnacle Design & Construction, LLC (uncertificated)
  Nevada LLC     100 %     100 %   Pinnacle Entertainment, Inc.   R, I
PNK (Baton Rouge) Partnership
(uncertificated)
  Louisiana
partnership 		    100 %     100 %   PNK Development 8,
LLC (1%)

PNK Development 9,
LLC (99%) 		  R
PNK (BOSSIER CITY), Inc.
  Louisiana
corporation 		    100       100     Casino Magic Corp.   R
PNK (CHILE 1), LLC (certificated, did not elect into UCC Article 8)
  Delaware LLC     100 %     100 %   Pinnacle Entertainment, Inc.   R

 

 

 

                             
                No.          
                Shares/Units          
                Owned by          
    Jurisdiction of   No. Shares/Units     Borrower or          
    Organization,   Issued &     Subsidiary of         Type of
Name   Type of Entity   Outstanding     Borrower     Owner   Subsidiary1
PNK (CHILE 2), LLC (certificated, did not elect into UCC Article 8)
  Delaware LLC     100 %     100 %   Pinnacle Entertainment, Inc.   R
PNK Development 1, Inc.
  Delaware corporation     1,000       1,000     Pinnacle Entertainment, Inc.   U
PNK Development 2, Inc.
  Delaware corporation     1,000       1,000     Pinnacle Entertainment, Inc.   U
PNK Development 3, Inc.
  Delaware corporation     1,000       1,000     Pinnacle Entertainment, Inc.   U
PNK Development 4, Inc.
  Delaware corporation     1,000       1,000     Pinnacle Entertainment, Inc.   R, I
PNK Development 5, Inc.
  Delaware corporation     1,000       1,000     Pinnacle Entertainment, Inc.   R, I
PNK Development 6, Inc.
  Delaware corporation     1,000       1,000     Pinnacle Entertainment, Inc.   R, I
PNK Development 7, LLC
(uncertificated)
  Delaware LLC     100 %     100 %   Pinnacle Entertainment, Inc.   R
PNK Development 8, LLC
(uncertificated)
  Delaware LLC     100 %     100 %   Pinnacle Entertainment, Inc.   R
PNK Development 9, LLC
(uncertificated)
  Delaware LLC     100 %     100 %   Pinnacle Entertainment, Inc.   R
PNK Development 10, LLC
(uncertificated)
  Delaware LLC     100 %     100 %   Pinnacle Entertainment, Inc.   U
PNK Development 11, LLC
(uncertificated)
  Nevada LLC     100 %     100 %   Pinnacle Entertainment, Inc.   U
PNK Development 12, LLC
(uncertificated)
  Nevada LLC     100 %     100 %   Pinnacle Entertainment, Inc.   R, I
PNK Development 13, LLC
(uncertificated)
  New Jersey LLC     100 %     100 %   Biloxi Casino Corp.   U
PNK Development 15, LLC
(uncertificated)
  Pennsylvania LLC     100 %     100 %   Pinnacle Entertainment, Inc.   R, I

 

 

 

                             
                No.          
                Shares/Units          
                Owned by          
    Jurisdiction of   No. Shares/Units     Borrower or          
    Organization,   Issued &     Subsidiary of         Type of
Name   Type of Entity   Outstanding     Borrower     Owner   Subsidiary1
PNK Development 16, LLC
(uncertificated)
  Indiana LLC     100 %     100 %   Pinnacle Entertainment, Inc.   R, I
PNK Development 17, LLC
(uncertificated)
  Nevada LLC     100 %     100 %   Pinnacle Entertainment, Inc.   U
PNK Development 18, LLC
(uncertificated)
  Delaware LLC     100 %     100 %   PNK Development 11, LLC   U
PNK Development 19, LLC
(uncertificated)
  Delaware LLC     100 %     100 %   Pinnacle Entertainment, Inc.   R, I
PNK Development 20, LLC
(uncertificated)
  Delaware LLC     100 %     100 %   Pinnacle Entertainment, Inc.   R, I
PNK Development 21, LLC
(uncertificated)
  Delaware LLC     100 %     100 %   Pinnacle Entertainment, Inc.   R, I
PNK Development 22, LLC
(uncertificated)
  Delaware LLC     100 %     100 %   Pinnacle Entertainment, Inc.   R, I
PNK Development 23, LLC
(uncertificated)
  Nevada LLC     100 %     100 %   Pinnacle Entertainment, Inc.   R, I
PNK Development 24, LLC
(uncertificated)
  Nevada LLC     100 %     100 %   Pinnacle Entertainment, Inc.   R, I
PNK Development 25, LLC
(uncertificated)
  Nevada LLC     100 %     100 %   Pinnacle Entertainment, Inc.   R, I
PNK Development 26, LLC
(uncertificated)
  Nevada LLC     100 %     100 %   Pinnacle Entertainment, Inc.   R, I
PNK Development 27, LLC
(uncertificated)
  Nevada LLC     100 %     100 %   Pinnacle Entertainment, Inc.   R, I
PNK Development 28, LLC
(uncertificated)
  Delaware LLC     100 %     100 %   PNK Development 11, LLC   U
PNK (ES), LLC (certificated, did not elect into UCC Article 8)
  Delaware LLC     100 %     100 %   Pinnacle Entertainment, Inc.   R
PNK (EXUMA), LIMITED (certificated, did not elect into UCC Article 8)
  Bahamas corporation     5,000       4,999     Pinnacle Entertainment, Inc.   U

 

 

 

                             
                No.          
                Shares/Units          
                Owned by          
    Jurisdiction of   No. Shares/Units     Borrower or          
    Organization,   Issued &     Subsidiary of         Type of
Name   Type of Entity   Outstanding     Borrower     Owner   Subsidiary1
PNK (Kansas), LLC
(uncertificated)
  Kansas LLC     100 %     100 %   PNK Development 17, LLC   U
PNK (LAKE CHARLES), L.L.C. (uncertificated)
  Louisiana LLC     100 %     100 %   Pinnacle Entertainment, Inc.   R
PNK (Reno), LLC (certificated, elected into UCC Article 8)
  Nevada LLC     100 %     100 %   Pinnacle Entertainment, Inc.   R
PNK (River City), LLC
(uncertificated)
  Missouri LLC     100 %     100 %   Pinnacle Entertainment, Inc.   R
PNK (SCB), L.L.C.
  Louisiana LLC     100 %     100 %   PNK Development 7, LLC   R
PNK Scholarship Trust
  Nevada Trust     100 %     100 %   A Scholarship Trust established by Pinnacle Entertainment, Inc.   N/A
PNK (ST. LOUIS RE), LLC (certificated, did not elect into UCC Article 8)
  Delaware LLC     100 %     100 %   Pinnacle Entertainment, Inc.   R
PNK (STLH), LLC (certificated, did not elect into UCC Article 8)
  Delaware LLC     100 %     100 %   Pinnacle Entertainment, Inc.   R
Port St. Louis Condominium, LLC (uncertificated)
  Missouri LLC     100 %     50 %   Landing
Condominium, LLC 		  U
President Riverboat Casino-Missouri, Inc.
  Missouri corporation     1,000       1,000     Pinnacle Entertainment, Inc.   R
PSW Properties LLC
(uncertificated)
  Delaware LLC     100 %     100 %   Biloxi Casino Corp.   U
Realty Investment Group, Inc.
  Delaware corporation     1,000       1,000     Pinnacle Entertainment, Inc.   U
Riverside Community Improvement District, Inc.
  Missouri non-profit
corporation 		    —       —     Non-Profit Corporation formed by Pinnacle Entertainment, Inc.   N/A
St. Louis Casino Corp.
  Missouri corporation     1,000       1,000     Casino Magic Corp.   R
Yankton Investments, LLC
  Nevada LLC     100 %     100 %   Pinnacle Entertainment, Inc.   R

 

 

 

Exhibit A
CONSENT OF GUARANTORS
Each of the undersigned is a Guarantor of the Obligations of the Borrower under the Credit Agreement and hereby (a) consents to the foregoing Amendment, (b) acknowledges that notwithstanding the execution and delivery of the foregoing Amendment, the obligations of each of the undersigned Guarantors are not impaired or affected and the Guaranties continue in full force and effect and (c) ratifies its Guaranty and each of the Loan Documents to which it is a party.

 

 

 

IN WITNESS WHEREOF, each of the undersigned has executed and delivered this CONSENT OF GUARANTORS as of the 28 day of October, 2010.
                         
    BILOXI CASINO CORP., a Mississippi corporation    
    CASINO MAGIC CORP., a Minnesota corporation    
    ST. LOUIS CASINO CORP., a Missouri corporation    
 
                        
        By:   /s/ Stephen H. Capp    
                 
            Name:   Stephen H. Capp    
            Title:   Chief Financial Officer    
 
                        
    CASINO ONE CORPORATION,    
    a Mississippi corporation    
    PNK (BOSSIER CITY), INC., a Louisiana corporation    
 
                        
        By:   /s/ Stephen H. Capp    
                 
            Name:   Stephen H. Capp    
            Title:   Treasurer    
 
                        
    BELTERRA RESORT INDIANA, LLC, a Nevada limited    
            liability company    
 
                        
        By:   Pinnacle Entertainment, Inc., its sole member    
 
                        
            By:   /s/ Stephen H. Capp    
                     
 
              Name:   Stephen H. Capp    
 
              Title:   Executive Vice President and
Chief Financial Officer		    
 
                        
    BOOMTOWN, LLC, a Delaware limited liability company    
 
                        
        By:   Pinnacle Entertainment, Inc., its sole member    
 
                        
            By:   /s/ Stephen H. Capp    
                     
 
              Name:   Stephen H. Capp    
 
              Title:   Executive Vice President and
Chief Financial Officer		    
Consent of Guarantors to Second Amendment

 

 

 

                         
    PNK (ES), LLC, a Delaware limited liability company    
 
                        
        By:   Pinnacle Entertainment, Inc., its sole member    
 
                        
            By:   /s/ Stephen H. Capp    
                     
 
              Name:   Stephen H. Capp    
 
              Title:   Executive Vice President and
Chief Financial Officer		    
 
                        
    PNK (ST. LOUIS RE), LLC, a Delaware limited liability company    
 
                        
        By:   Pinnacle Entertainment, Inc., its sole member    
 
                        
            By:   /s/ Stephen H. Capp    
                     
 
              Name:   Stephen H. Capp    
 
              Title:   Executive Vice President and
Chief Financial Officer		    
 
                        
    PNK (CHILE 1), LLC, a Delaware limited liability company    
 
                        
        By:   Pinnacle Entertainment, Inc, its sole member    
 
                        
            By:   /s/ Stephen H. Capp    
                     
 
              Name:   Stephen H. Capp    
 
              Title:   Executive Vice President and
Chief Financial Officer		    
 
                        
    PNK (CHILE 2), LLC, a Delaware limited liability company    
 
                        
        By:   Pinnacle Entertainment, Inc, its sole member    
 
                        
            By:   /s/ Stephen H. Capp    
                     
 
              Name:   Stephen H. Capp    
 
              Title:   Executive Vice President and
Chief Financial Officer		    
 
                        
    YANKTON INVESTMENTS, LLC, a Nevada limited liability company    
 
                        
        By:   /s/ John A. Godfrey    
                 
            Name:   John A. Godfrey    
            Title:   Manager    
Consent of Guarantors to Second Amendment

 

 

 

                             
    OGLE HAUS, LLC, an Indiana limited liability company    
 
                            
        By:   Belterra Resort Indiana, LLC, its sole member    
 
                            
            By:   Pinnacle Entertainment, Inc., its sole member    
 
                            
            By:   /s/ Stephen H. Capp    
                     
                Name:   Stephen H. Capp    
                Title:   Executive Vice President and Chief Financial Officer    
 
                            
    PNK (LAKE CHARLES), L.L.C., a Louisiana limited liability company    
 
                            
        By:   Pinnacle Entertainment, Inc., its sole member and manager    
 
                            
            By:   /s/ Stephen H. Capp    
                     
                Name:   Stephen H. Capp    
                Title:   Executive Vice President and Chief Financial Officer    
 
                            
    PNK (RENO), LLC, a Nevada limited liability company    
 
                            
        By:   Pinnacle Entertainment, Inc., its sole member    
 
                            
            By:   /s/ Stephen H. Capp    
                     
                Name:   Stephen H. Capp    
                Title:   Executive Vice President and Chief Financial Officer    
 
                            
    LOUISIANA-I GAMING, a Louisiana partnership in Commendam    
 
                            
        By:   Boomtown, LLC, its general partner    
 
                            
            By:   Pinnacle Entertainment, Inc., its sole member    
 
                            
                By:   /s/ Stephen H. Capp    
                         
 
                  Name:   Stephen H. Capp    
 
                  Title:   Executive Vice President and Chief Financial Officer    
Consent of Guarantors to Second Amendment

 

 

                                         
    PNK (BATON ROUGE) PARTNERSHIP, a Louisiana partnership                
 
                                        
        By:   PNK Development 8, LLC, its Managing Partner                
 
                                        
            By:   Pinnacle Entertainment, Inc., its sole member                
 
                                        
                By:   /s/ Stephen H. Capp
                                     
 
                  Name:   Stephen H. Capp                
 
                  Title:   Executive Vice President and Chief Financial Officer                
 
                                        
    PNK Development 7, LLC, a Delaware limited liability company                
 
                                        
        By:   Pinnacle Entertainment, Inc., its sole member                
 
                                        
            By:   /s/ Stephen H. Capp                
                                 
                Name:   Stephen H. Capp
                Title:   Executive Vice President and Chief Financial Officer
 
                                        
    PNK Development 8, LLC, a Delaware limited liability company                
 
                                        
        By:   Pinnacle Entertainment, Inc., its sole member                
 
                                        
            By:   /s/ Stephen H. Capp                
                                 
                Name:   Stephen H. Capp
                Title:   Executive Vice President and Chief Financial Officer
 
                                        
    PNK Development 9, LLC, a Delaware limited liability company                
 
                                        
      By:   Pinnacle Entertainment, Inc., its sole member                
 
                                        
            By:   /s/ Stephen H. Capp                
                                 
                Name:   Stephen H. Capp
                Title:   Executive Vice President and Chief Financial Officer
Consent of Guarantors to Second Amendment

 

 

                         
    PNK (SCB), L.L.C., a Louisiana limited liability company
 
                        
        By:   PNK Development 7, LLC, its sole member
 
                        
            By:   Pinnacle Entertainment, Inc., its sole member
 
                        
                By:   /s/ Stephen H. Capp
                     
 
                  Name:   Stephen H. Capp
 
                  Title:   Executive Vice President and Chief Financial Officer
                     
    PNK (STLH), LLC, a Delaware limited liability company
 
                    
        By:   Pinnacle Entertainment, Inc., its sole member
 
                    
            By:   /s/ Stephen H. Capp
                 
 
              Name:   Stephen H. Capp
 
              Title:   Executive Vice President and Chief Financial Officer
 
                    
    President Riverboat Casino-Missouri, Inc., a Missouri corporation
 
                    
            By:   /s/ Stephen H. Capp
                 
 
              Name:   Stephen H. Capp
 
              Title:   Chief Financial Officer
 
                    
    PNK (River City), LLC, a Missouri limited liability company
 
                    
        By:   Pinnacle Entertainment, Inc., its sole member
 
                    
            By:   /s/ Stephen H. Capp
                 
 
              Name:   Stephen H. Capp
 
              Title:   Executive Vice President and Chief Financial Officer
Consent of Guarantors to Second Amendment

 

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