EX-99.1 3 dex991.htm PRESS RELEASE PRESS RELEASE

Exhibit 99.1

 

NEWS BULLETIN   

RE:

    

PINNACLE ENTERTAINMENT

3800 Howard Hughes Parkway

Suite 1800

Las Vegas, Nevada 89109

TRADED: NYSE: PNK

 

FOR FURTHER INFORMATION:

 

At the Company:              At CCG Investor /Public Relations
Dan Lee    Steve Capp    Wade Hundley    Sean Collins
Chairman & CEO    CFO    COO    Partner
(702) 784-7777    (702) 784-7777    (702) 784-7777    (818) 789-0100

 

FOR IMMEDIATE RELEASE:

March 1, 2004

 

Pinnacle Entertainment Announces Pricing of $200 Million in Aggregate Principal

Amount of 8.25% Senior Subordinated Notes Due 2012

 

LAS VEGAS, March 1 /PRNewswire-FirstCall/ — Pinnacle Entertainment, Inc. (NYSE: PNK - News) announced today the pricing of $200 million aggregate principal amount of new 8.25% senior subordinated notes due 2012, which will be issued in a private placement. The notes will be issued at a price of 99.282% of par. The offering is scheduled to close on March 15, 2004, subject to closing conditions.

 

The Company intends to use the net proceeds from this offering to repurchase or redeem a portion of its outstanding 9.25% senior subordinated notes due 2007.

 

The new senior subordinated notes will not be registered under the Securities Act of 1933 or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the new senior subordinated notes.


For further information, please call: Dan Lee, Chairman & CEO, or Steve Capp, CFO, or Wade Hundley, COO, all of Pinnacle Entertainment, +1-702-784-7777; or Sean Collins, Partner of CCG Investor and Strategic Relations, +1-818-789-0100, for Pinnacle Entertainment.

 

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