Rivers Enterprise Announces $600 Million Senior Secured Notes Offering to Fund Acquisition of Rivers Casino Pittsburgh

"Rivers Enterprise Borrower, LLC has priced $600 million in senior secured notes at a 6.250% interest rate, due in 2030, in a private offering. The offering closed on October 8, 2025, and the proceeds will be used to acquire Rivers Casino Pittsburgh's parent company, repay existing loans, and cover related expenses. Latham & Watkins LLP represented the initial purchasers and lenders involved in the transaction."

Latham & Watkins LLP participated in the transaction by representing the initial purchasers in the notes offering and the lenders in the amended revolving credit facility. Rivers Enterprise Borrower, LLC announced the pricing of US$600 million of its 6.250% senior secured notes due 2030, which were initially issued by Rivers Enterprise Lender, LLC, a wholly owned subsidiary of Rivers Enterprise. This private offering is exempt from registration under the Securities Act of 1933 and closed on October 8, 2025, subject to customary closing conditions. The net proceeds from the sale of the notes will be used to fund the acquisition of the parent company of Rivers Casino Pittsburgh, repay and terminate the existing Revolving Credit and Term Loan Agreement of Rivers Casino Pittsburgh, and cover acquisition and financing-related fees and expenses. The legal team from Latham & Watkins LLP involved in this transaction includes partner Senet Bischoff and associates Sofia Sitterson, Sheen Moaleman, and Elana Cates from the Capital Markets team. Additionally, partner Brett Rosenblatt and associates Josh Chao, Nick Little, and Will Swanson from the banking team assisted the lenders in the amended revolving credit facility. Tax matters were advised on by partner Bryant Lee and associate Lucas Migliano.

Rivers Enterprise Announces $600 Million Senior Secured Notes Offering to Fund Acquisition of Rivers Casino Pittsburgh

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