NEW ISSUE ALERT
DEAL DETAILS
Issuer Downstream Development Authority
Issue Senior Secured Notes
Distribution 144A / Reg S for life
Amount $265,000,000
Maturity 5 years
Call Protection NC2 then par + 1/2 coupon
Change of Control Investor put at 101%
ECF Sweep 50% Excess Cash Flow Offer
Use of Proceeds Refinance entire DDA capital structure
Business Owns, manages and operates the Downstream Casino Resort
Timing Roadshow begins Friday January 19
pricing week of January 22
Sole Bookrunner Credit Suisse
Price talk 10.50% coupon @ 98-99 issue price
Timing Books close today (January 24th) at 4pm CET
Issue Ratings
Reminder B2 / B
minimo taglio $1'000 weepa yeahhh
Source: Lead-Manager
PRICE GUIDANCE
10.5% area
Source: Lead-Manager
ISSUER DESCRIPTION
Downstream Development Authority of the Quapaw Tribe of Oklahoma, doing business as Downstream Casino Resort, owns and operates a casino resort. The Company hotel accommodation, restaurants, health centers, dining, wedding,
spas, fundraising events, office parties, and recreational services. Downstream Casino Resort operates in the United States.
Source: Bloomberg