Subsequent Events

9 Months Ended

Sep. 30, 2012

Subsequent Events

Subsequent Events

14.  Subsequent Events

On November 1, 2012, the Company raised $915 million of additional funds through an add-on to its existing senior secured credit facility at the same terms and conditions as its existing facility.  The Company issued $515 million in variable rate Term Loan B due in July 2018 and $400 million in variable rate Term Loan A due July 2016.  Additionally, the Company increased its revolving borrowing capacity to $785 million from $700 million.  The proceeds from the issuance were utilized to complete the acquisition of Harrah’s St. Louis gaming and lodging facility from Caesars Entertainment which closed on November 2, 2012 and for working capital purposes.