Vail Resorts Announces Offering of Senior Subordinated Notes
Vail Resorts, Inc. (NYSE: MTN) announced today that it intends to offer approximately $390 million in aggregate principal amount of senior subordinated notes due 2019.
The net proceeds from the offering of the Notes are expected to be used to fund the previously announced cash tender offer by Vail for any and all of its outstanding 6 3/4% Senior Subordinated Notes due 2014 and to redeem any 2014 Notes not purchased in such tender offer.
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