Downstream Development Authority Announces Termination of Tender Offer and Consent Solicitations for its 10.5% Senior Secured Notes Due 2019

QUAPAW, Okla.--()--Downstream Development Authority (“Downstream”) of the Quapaw Tribe of Oklahoma (O-Gah-Pah) announced today that it has terminated its cash tender offer and related consent solicitation for any and all of its $285.0 million in aggregate principal amount of outstanding 10.5% Senior Secured Notes due 2019 (CUSIP 26112T AE6) (the “Notes”). The tender offer and consent solicitation were made pursuant to the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement and a related Letter of Transmittal, each dated December 5, 2016. None of the Notes were purchased in the tender offer and consent solicitation, and all Notes previously tendered and not withdrawn will be promptly returned to their respective holders.

Persons with questions regarding the termination of the tender offer and consent solicitation relating to the Notes should contact Mark Trudell or Frank Park at Nomura Securities International, the Dealer Manager and Solicitation Agent, by telephone at (212) 667-9000, or D.F. King & Co., Inc., the Information Agent, by telephone at (212) 269-5550 (banks and brokers) or toll free at (866) 356-7813 (all others) or by email at quapaw@dfking.com.

This press release is for information purposes only and does not constitute an offer to purchase or a solicitation of an offer to purchase any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offering, solicitation or sale would be unlawful.

About Downstream

Downstream is a wholly owned, unincorporated instrumentality of the Quapaw Tribe of Oklahoma (O-Gah-Pah), a federally recognized tribe. Downstream was established in 2007 by the Tribe for the purpose of developing, constructing, operating, and managing the Downstream Casino Resort, which is a full service destination casino resort located in northeast Oklahoma at the three corner border of Oklahoma, Missouri and Kansas at Interstate 44, Missouri Exit 1, near Joplin, Missouri. The casino resort features a two tower hotel with 374 guestrooms and suites, approximately 70,000 square feet of gaming space with approximately 1,355 Class III and 601 Class II slot machines, 35 table games, 14 poker tables, 33,700 square feet of meeting and event space, including an indoor 29,000 square foot events pavilion, five restaurants, a health club, and an outdoor swimming pool featuring a bar, cabanas and a hot tub.

Contacts

Downstream Casino Resort
Tena Smith, 918-919-6054
Executive Office Manager
918-542-6254 (f)
tsmith@downstreamcasino.com

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Release Summary

Downstream Development Authority Announces Termination of Tender Offer and Consent Solicitations for its 10.5% Senior Secured Notes Due 2019

Downstream Development Authority