Great Wolf to offer $225 million of mortgage notes
By APFriday, March 19, 2010
Great Wolf to offer $225M of mortgage notes
MADISON, Wis. — Indoor waterpark resort company Great Wolf Resorts Inc. said Friday it plans to offer $225 million of first mortgage notes due 2017.
The company plans to use the proceeds to repay mortgage debt totaling $212 million. It will use the rest, if any, for general corporate purposes.
Shares slid 10 cents, or 3.1 percent, to $3.09 in after-hours trading.
The stock had closed up 32 cents, or 11.2 percent, at $3.19.
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