UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 27, 1999
Louisiana Casino Cruises, Inc.
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(Exact name of registrant as specified in its charter)
Louisiana 33-73534 72-1196619
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1717 River Road North, Baton Rouge, Louisiana 70802
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (225) 709-7777
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N/A
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
On January 28, 1999, Louisiana Casino Cruises, Inc. (the "Company"),
announced that it had completed the sale of $55 million of its 11% Senior
Secured Notes due in 2005 (the "Notes"). The Notes are secured by substantially
all of the assets of the Company and will rank senior in right of payment to
any subordinated indebtedness of the Company and equal to any senior
indebtedness. The Notes were sold in a private placement with registration
rights.
The net proceeds from the offering, estimated at $54 million, were used to
defease and redeem $50 million of its outstanding Senior Secured Increasing
Rate Notes due 2001 and the remaining funds will be used for general corporate
purposes.
The Company has issued a press release announcing the foregoing event, a
copy of which is attached as Exhibit 99.01 and which is incorporated by
reference.
Item 7. Financial Statements and Other Exhibits.
(c) Exhibits
99.01 Press release dated January 28, 1999.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
LOUISIANA CASINO CRUISES, INC.
Dated: January 29, 1999 By: /s/ W. Peter Temling
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W. Peter Temling
Chief Financial Officer
EXHIBIT 99.01
PRESS RELEASE
Thursday, January 28, 1999
Louisiana Casino Cruises, Inc. Closes $55 Million Note Offering
Louisiana Casino Cruises, Inc. (the "Company") announced that on January 27,
1999 it had completed the sale of $55 million of its 11% Senior Secured Notes
due 2005. The notes are secured by substantially all of the assets of the
Company and will rank senior in right of payment to any subordinated
indebtedness of the Company and equal to any senior indebtedness. The notes
were sold in a private placement with registration rights.
The proceeds from the offering will be used to defease and redeem $50 million
of its outstanding Senior Secured Increasing Rate Notes due 2001 and for
general corporate purposes.
The Company owns and operates Casino Rouge, the leading riverboat gaming
facility in Baton Rouge, Louisiana. The Company's executive offices are located
at 1717 North River Road, Baton Rouge, Louisiana, 70802 and its telephone
number is (225) 709-7777.
