Articles from Rivers Enterprise Borrower, LLC

Rivers Enterprise Borrower, LLC (“Rivers Enterprise”), an affiliate of Rush Street Gaming, LLC, today announced the completion of its recapitalization of Rivers Casino Pittsburgh in a transaction reflecting an enterprise value of $991 million for Rivers Casino Pittsburgh. Following the completion of the recapitalization, Rivers Enterprise is now the owner and operator of Rivers Casino Philadelphia, Rivers Casino & Resort Schenectady, Rivers Casino Portsmouth and Rivers Casino Pittsburgh (together the “Casinos Entities”).

Rivers Enterprise Borrower, LLC (“Rivers Enterprise” or the “Company”) today announced the pricing of $600 million of its 6.250% senior secured notes due 2030 (the “Notes”) to be initially issued by Rivers Enterprise Lender, LLC, a wholly owned subsidiary of Rivers Enterprise (the “Issuer”), in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be co-issued by Rivers Enterprise Lender Corp., a wholly owned subsidiary of the Issuer (the “Co-Issuer”, and together with the Issuer, the “Issuers”). The Notes will mature on October 15, 2030, unless earlier repurchased or redeemed in accordance with their terms. The Notes offering is expected to close on October 8, 2025, subject to customary closing conditions.

Rivers Enterprise Borrower, LLC (“Rivers Enterprise” or the “Company”) today announced that it intends to offer, subject to market and other conditions, up to $600 million senior secured notes due 2030 (the “Notes”) to be initially issued by Rivers Enterprise Lender, LLC, a wholly owned subsidiary of Rivers Enterprise (the “Issuer”), in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be co-issued by Rivers Enterprise Lender Corp., a wholly owned subsidiary of the Issuer (the “Co-Issuer”, and together with the Issuer, the “Issuers”).

Rivers Enterprise Borrower, LLC (“Rivers Enterprise” or the “Company”) today announced the pricing of $600 million of its 6.625% senior secured notes due 2033 (the “Notes”) in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the sale of the Notes, the Company will, through a series of corporate transactions (the “Consolidation”), become the direct or indirect parent company of each of Rivers Casino Philadelphia, Rivers Casino & Resort Schenectady and Rivers Casino Portsmouth (collectively, the “Casino Entities”). The Notes will be co-issued by Rivers Enterprise Finance Corp. ("Rivers Finance") and guaranteed by Rivers Enterprise's direct parent, Rivers Enterprise Intermediate, LLC, and Rivers Enterprise’s direct and indirect restricted subsidiaries (including the Casino Entities), and secured by substantially all the assets of Rivers Enterprise and its subsidiaries (including the Casino Entities). The Notes will mature on February 1, 2033, unless earlier repurchased or redeemed in accordance with their terms. The Notes offering is expected to close on February 6, 2025, subject to customary closing conditions.

Rivers Enterprise Borrower, LLC (“Rivers Enterprise” or the “Company”) today announced that it intends to offer, subject to market and other conditions, up to $600 million of senior secured notes due 2033 (the “Notes”) in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the sale of the Notes, the Company will, through a series of corporate transactions (the “Consolidation”), become the direct or indirect parent company of each of Rivers Casino Philadelphia, Rivers Casino & Resort Schenectady and Rivers Casino Portsmouth (collectively, the ”Casino Entities”). The Notes will be co-issued by Rivers Enterprise Finance Corp. ("Rivers Finance") and guaranteed by Rivers Enterprise's direct parent, Rivers Enterprise Intermediate, LLC, and Rivers Enterprise’s direct and indirect restricted subsidiaries (including the Casino Entities), and secured by substantially all the assets of Rivers Enterprise and its subsidiaries (including the Casino Entities).