Seminole Hard Rock Announces Closing Of $350.0 Million Aggregate Principal Amount Of 5.875% Senior Notes Due 2021

May 14, 2013, 11:50 ET from Seminole Hard Rock Entertainment, Inc.

ORLANDO, Fla., May 14, 2013 /PRNewswire/ -- Seminole Hard Rock Entertainment, Inc. ("SHRE") and Seminole Hard Rock International, LLC ("SHRI" and with SHRE, the "Companies") today announced the closing of $350.0 million aggregate principal amount of 5.875% Senior Notes due 2021 at an issue price of 100% (the "Notes").  The Companies intend to use the net proceeds from the sale of the Notes, together with a portion of the proceeds from the Companies' new $290.0 million secured term loan facility, to fund their previously announced tender offer for any and all of the Companies' $525.0 million aggregate principal amount of outstanding floating rate senior secured notes due 2014 and the related redemption of all such notes not tendered in the tender offer, to make investments and acquisitions and for general corporate purposes.

The Notes were issued in a private offering to qualified institutional buyers and certain non-U.S. persons in offshore transactions in accordance with Rule 144A and Regulation S under the Securities Act of 1933, as amended. The Notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements.

This announcement does not constitute an offer to sell, or the solicitation of an offer to buy, any securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Seminole Hard Rock Entertainment Inc.

Hard Rock is a leading, globally recognized entertainment and leisure brand.  With a presence in 56 countries, Hard Rock is well known for the unique, rock-music based, entertainment experience that it provides its customers. Beginning with an Eric Clapton guitar, Hard Rock owns an extensive greatest collection of music memorabilia, comprising approximately 75,800 pieces, which are displayed at its locations around the globe. Hard Rock is also known for its collectible fashion and music-related merchandise, Hard Rock Live performance venues and an award-winning website. Hard Rock owns the global trademark for all Hard Rock brands, and owns, operates, franchises, licenses and manages Hard Rock properties worldwide including  Hard Rock Cafes, Hard Rock Hotels and Hard Rock Casinos.  

Special Note Regarding Forward-Looking Statements

This press release contains forward-looking statements.  Forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the Companies' actual results, performance or achievements or industry results to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.  These statements are subject to a number of risks and uncertainties, many of which are beyond the control of the Companies.  The words "believes," "may," "will," "should," "would," "could," "continue," "seeks," "anticipates," "plans," "expects," "intends," "estimates" or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words.  Any forward-looking statements included in this press release are made only as of the date of this release. The Companies do not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Companies cannot assure you that projected results or events will be achieved.


SOURCE Seminole Hard Rock Entertainment, Inc.