Peninsula Gaming, LLC operates as a casino entertainment holding company with gaming operations in Iowa, Louisiana, and Kansas. The company, through its subsidiaries, engages in the ownership and operation of casinos and off-track betting parlors. It owns and operates the Diamond Jo casino in Dubuque, Iowa; the Evangeline Downs Racetrack and Casino in St. Landry Parish, Louisiana; four off-track betting parlors in Port Allen, Henderson, Eunice, and St. Martinville, Louisiana; the Diamond Jo casino in Worth County, Iowa; the Amelia Belle Casino in Amelia, Louisiana; and the Kansas Star Casino, Hotel and Event Center in Mulvane, Kansas. Peninsula Gaming, LLC also offers various amenities, incl...
301 Bell Street
Dubuque, IA 52001
Founded in 1999
Peninsula Gaming LLC Enters into First Amendment to Credit Agreement
May 6 13
On May 1, 2013, Peninsula Gaming, LLC (PGL) entered into the first amendment to credit agreement among PGL, certain financial institutions and Bank of America, N.A. as administrative agent for the lenders. The amendment amends certain terms of the credit agreement dated as of November 14, 2012 among PGL, the lenders from time to time party thereto, the administrative agent, and Bank of America, as collateral agent, swing line lender and L/C issuer. Among other things, the amendment, decreases the applicable margin with respect to the Term B facility to 3.25% in the case of Eurodollar rate loans and 2.25% in the case of base rate loans, reduces the minimum Eurodollar rate with respect to the Term B facility to 1.00% per annum, requires PGL to pay a premium of 1.00% of the principal amount prepaid for full or partial repayments of Term B loans through the issuance of indebtedness having a lower interest rate than described in clause above during the period of six calendar months after the effective date of the amendment and requires payment of an amendment fee of 1.00% during such period payable to lenders who consent to any such reduced interest rate, extends the deadline for delivery of year-end reports to 90 days after the end of each fiscal year of PGL, clarifies the definition of consolidated adjusted EBITDA with respect to management fees and allows quarterly amortization installments to be paid prior to the last day of the applicable quarter.