2014

American Casino & Entertainment Properties LLC and ACEP Finance Corp. Announces Change to Early Settlement Date

LAS VEGAS, June 19, 2013 /PRNewswire/ -- American Casino & Entertainment Properties LLC ("ACEP"), and ACEP Finance Corp. (together with ACEP, the "Company"), announced today that the early settlement date for their previously announced tender offer (the "Tender Offer") to purchase any and all of their outstanding 11% Senior Secured Notes due 2014 (the "Notes") is expected to be on or prior to the expiration date, which is currently 11:59 p.m., New York City time, on July 5, 2013, rather than on or about June 24, 2013.  All other dates in connection with the Tender Offer are as previously announced.

For additional information regarding the terms of the tender offer, please contact: Goldman, Sachs & Co. at (800) 828-3182 (toll free) or (212) 357-0345 (collect) or Deutsche Bank Securities Inc. at (855) 287-1922 (toll free) or (212) 250-7527 (collect). Requests for documents and questions regarding the tender of Notes may be directed to Global Bondholder Services Corporation at (866) 873-7700 (toll free) or (212) 430-3774 (collect).

This press release is for information purposes only and does not constitute an offer to sell or purchase, or a solicitation of an offer to sell or purchase, or the solicitation of tenders or consents with respect to, any security. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation or sale would be unlawful. The Tender Offer is being made solely pursuant to the Offer to Purchase, dated June 7, 2013, and the related Letter of Transmittal. None of the Company, the information agent and depositary nor the dealer managers make any recommendation as to whether holders of the Notes should tender or refrain from tendering the Notes. Holders must make their own decisions as to whether to tender Notes, and, if so, the principal amount of Notes to tender.

Cautionary Statement on Forward-Looking Statements

This news release may contain "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements contained in the Company's filings with the SEC.  The Company disclaims any obligation to update or revise any forward-looking statements.

About ACEP

ACEP owns and operates four gaming and entertainment properties in Clark County, Nevada. The four properties are the Stratosphere Casino Hotel & Tower, which is located on the Las Vegas Strip and caters to visitors to Las Vegas, two off-Strip casinos, Arizona Charlie's Decatur and Arizona Charlie's Boulder, which cater primarily to residents of Las Vegas and the surrounding communities, and the Aquarius Casino Resort in Laughlin, Nevada, which caters to visitors to and residents of Laughlin.

 

SOURCE American Casino & Entertainment Properties LLC




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