Casino Game Maker Shifts to Credit Suisse

Credit Suisse First Boston led a $150 million high-yield bond offering and closed a $230 million bank facility for Alliance Gaming Corp. last week.

The Las Vegas-based gaming systems and device manufacturer had previously relied on Jefferies & Co. and Congress Financial, a unit of CoreStates Financial Corp., for its financing needs. But Alliance said it switched to Credit Suisse for one-stop shopping.

"You're talking to one consolidated group, and it saved the number of people at the table when you're doing these negotiations," said Steve DeChamps, Alliance's director of finance. He added that by doing multiple transactions with one underwriter, it's easier to consolidate fees.

"We're happy with the end capital structure, and it will be beneficial to us going forward," Mr. DeChamps said.

Alliance Gaming plans to use the proceeds to retire debt and to refinance preferred stock.

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