GEYSERVILLE, Calif.–enterprise WIRE–River Rock leisure ity the “ity”, a governmental instrumentality of the Dry Creek Rancheria Band of Pomo Indians, a federally identified tribe the “Tribe” and the operator of the River Rock on line casino in Sonoma County, California, announced today that, following approval with the aid of holders representing over ninety five% of the 9¾% Senior Notes due 2011 the “current Notes” wonderful, the prior to now-announced amendments to the indenture and collateral documents governing the existing Notes situs judi online grew to be positive as of 12:00 dead night long island city time on December 13, 2011 the “Withdrawal time limit”.
To put into effect the amendments, the ity, the Tribe and U.S. financial institution country wide association, as trustee the “Trustee”, have entered into a primary Supplemental Indenture to the indenture, dated as of November 7, 2003, governing the existing Notes the “Indenture” and agreements amending the Pledge and security agreement, dated as of November 7, 2003, among the Tribe, the ity and the Trustee and the Deposit epic control settlement, dated January eleven, 2010, among the many Tribe, the ity, the Trustee and financial institution of the West. in addition, the money Collateral and Disbursement contract, dated as of November 7, 2003 and amended as of November 17, 2003, among the Tribe, the ity, the Trustee and the different events thereto has been terminated.
The amendments and termination will become operative on the date the ity will pay the exchange consideration and the consent consideration for present Notes permitted for agen sbobet exchange and corresponding is of the same opinion delivered pursuant to the ity’s present and consent solicitation to tendering holders the “change Date”. The ity expects the alternate Date to happen on December 21, 2011. because the First Supplemental Indenture has turn into beneficial and the Withdrawal time limit has now passed off, present Notes tendered and corresponding concurs delivered in advance of December 13, 2011 may additionally no longer be withdrawn or revoked.
The amendments get rid of substantially all protective covenants and hobbies of default from the Indenture aside from those regarding fee of main and hobby and subordinate the liens on the ity’s property securing the existing Notes to the liens so as to relaxed the new 9% sequence A Senior Notes due 2018 and new eight% tax-exempt series B Senior Notes due 2018 together, the “New Notes” to be issued through the ity on the trade Date. latest Notes that don’t seem to be tendered and accredited for trade will thereupon become field to the amendments and the rights of the holders of recent Notes.
Holders who have not yet tendered their current Notes agen judi bola terpercaya and delivered their concurs can also achieve this at any time on or prior to 12:00 midnight manhattan city time on December 19, 2011 the “Expiration Date”. Holders who smooth New Notes and deliver corresponding concurs after the Withdrawal closing date and on or earlier than the Expiration Date can be eligible to get hold of the trade consideration and the consent price, but now not the consent premium. present Notes tendered and corresponding is of the same opinion delivered after the Withdrawal deadline may additionally now not be withdrawn or revoked.
The ity’s present and consent solicitation is being made pursuant to part threea9 of the Securities Act of 1933, as amended. This press liberate is not a suggestion to alternate any current Notes, a solicitation of an offer to alternate any present Notes, a solicitation of has the same opinion with respect to the latest Notes, an offer to sell any of the new Notes or the solicitation of an offer to purchase any New Notes. The present and consent solicitation is being made completely pursuant to an providing round and consent solicitation observation and a linked letter of transmittal and consent at the same time and, at the side of any change thereto, the “present files”, which have been furnished to the holders of the latest Notes. The present files set forth the complete phrases of the present and consent solicitation. The present documents include forward-looking statements and include cautionary statements picking vital elements that might trigger specific effects to vary materially from these predicted.
River Rock entertainment ity
The ity is a Tribal governmental instrumentality of the Dry Creek Rancheria Band of Pomo Indians, a federally identified self-governing Indian tribe. The Tribe has approximately 1.”000 enrolled participants and 93-acres of have confidence land in Sonoma County, California.
This press free up incorporates definite “forward-searching statements.” The phrases “believe,” “are expecting,” “expect,” “intend,” “estimate” and other expressions that are predictions agen judi piala dunia of or point out future hobbies and trends and that do not relate to ancient concerns identify forward-looking statements. These statements are in accordance with administration’s expectations, assumptions and projections about our business as of the time the statements are made. These forward-looking statements aren’t ensures of future efficiency and are field to certain risks and uncertainties that could trigger precise results or hobbies to differ materially from our previous performance and our current expectations, assumptions and projections. modifications can result from moves taken by way of us as well as from hazards and uncertainties past our handle.
factors that could cause the ity’s specific outcomes to differ materially from these expressed or implied by the ahead-looking statements during this press free up consist of however aren’t restrained to those exact on occasion in the ity’s filings with the SEC, including those factors contained in the area entitled “possibility factors” in demonstrate 99.2 to our form eight-ok filed with the SEC on October 20, 2011, the part entitled “risk components” in our Quarterly file on form 10-Q for the quarter ended September 30, 2011 and the area entitled “definite considerations” set forth in the offering round. All forward-looking statements during this press free up are expressly qualified via information in the ity’s filings with the SEC. for example, elements that may cause specific outcomes to alter from our expectations encompass, however aren’t restricted to:
- our capacity to consummate the present and consent solicitation;
- the continued willingness of our creditors to work with us against finishing our proposed restructuring or some other transaction that may well be necessary to restructure our debt;
- our means to generate money movement from our on line casino;
- the ability of our casino to compete with dependent or future gaming operators, specially within the Northern California gaming market;
- the dependence of our on line casino on a regional gaming market;
- our on line casino is in a single region and is not varied;
- our capacity to recognise the benefits of our company and marketing strategy;
- our stages of debt and leverage and our capacity to fulfill our debt service and other tasks;
- restrictive covenants in our debt devices and their have an impact on on our capacity to operate our on line casino and pursue our gaming and other enterprise innovations;
- the probability that creditors who have a security interest within the slot machines and different property utilized in our casino may foreclose on that collateral, rendering us unable to function our casino;
- potential environmental compliance considerations and environmental liabilities;
- our capability to appeal to, educate and continue qualified management and personnel;
- moves that may be taken or omitted by using third events, including clients, suppliers, carriers, opponents and governmental authorities;
- alterations in gaming laws or laws;
- changes or tendencies in, or adversarial interpretations of, legal guidelines, rules or laws, including taxes, applicable to us or the Tribe;
- any suggestion to renegotiate our gaming compact with the State of California or any renegotiation of gaming compacts by way of the Tribe’s gaming opponents that may additionally have a negative influence on the aggressive place of our on line casino;
- the lack of any license or permit or obstacles positioned on the sort of licenses or allows required for the operation of our casino or our enlargement plans;
- the effects of actual or threatened terrorist attacks and their influence on home travel and spending on entertainment activities;
- abnormal or severe climate, fires, or acts of God;
- expanded energy prices; and
- general domestic or local economic, fiscal and other situations, primarily an financial downturn or disruptions within the capital markets.
- All future written and oral forward-looking statements because of us or any grownup acting on our behalf are expressly qualified in their entirety with the aid of the cautionary statements contained or pointed out during this area. These forward-searching statements mirror our expectations, pointed out or in any other case, most effective as of the date of this press unlock. except as required by legislation, we don’t intend, and undertake no duty, to update any forward-looking statements, no matter if on account of new suggestions, future movements or otherwise, besides the fact that journey or future events make it clear that any expected results expressed or implied via these ahead-looking statements aren’t realized.