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20.09.2016 21:58:00

Isle of Capri Casinos, Inc. -- Moody's revises Isle of Capri's outlook to stable from positive; affirms B1 CFR

New York, September 20, 2016 -- Moody's Investors Service today revised Isle of Capri Casinos, Inc.'s rating outlook to stable from positive and affirmed the company's existing ratings, including its B1 Corporate Family Rating, following the company's announcement that it entered into an agreement to be acquired by Eldorado Resorts, Inc. (B2 review for upgrade). Eldorado will acquire all of the outstanding shares of Isle for $23.00 in cash or 1.638 shares of Eldorado common stock. The acquisition is valued at approximately $1.7 billion, including $929 million of Isle's outstanding debt.

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