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   <TITLE>DC2258.pdf -- Converted by SEC Publisher 4.2, created by BCL Technologies Inc., for SEC Filing</TITLE>
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<B><FONT size=5 face="serif">UNITED STATES</FONT></B></P>
<P align="center">
<B><FONT size=5 face="serif">SECURITIES AND EXCHANGE COMMISSION</FONT></B></P>
<P align="center">
<TABLE><TR><TD align="center" nowrap>
<B><FONT size=2 face="serif">Washington, D.C. 20549</FONT></B><BR>
<BR>
<B><FONT size=5 face="serif">FORM 8-K</FONT></B><BR>
</TD></TR></TABLE>
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<B><FONT size=2 face="serif">CURRENT REPORT </FONT></B><BR>
<B><FONT size=2 face="serif">Pursuant to Section 13 or 15(d) of the</FONT></B><BR>
<B><FONT size=2 face="serif">Securities Exchange Act of 1934 </FONT></B><BR>
</TD></TR></TABLE>
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<FONT size=2 face="serif">Date of Report (Date of earliest event reported): </FONT><B><FONT size=2 face="sans-serif">July 30, 2007 (July 26, 2007)</FONT></B></P>
<P align="center">
<B><FONT size=5 face="serif">ISLE OF CAPRI CASINOS, INC.</FONT></B></P>
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<FONT size=2 face="serif">(Exact name of Registrant as specified in its charter)</FONT></P>
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	<TD width=44% nowrap align=left>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<B><FONT size=2 face="serif">Delaware</FONT></B>&nbsp;
	</TD>
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&nbsp;	</TD>
	<TD width=25% nowrap align=center>
<B><FONT size=2 face="serif">0-20538</FONT></B>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=25% nowrap align=center>
<B><FONT size=2 face="serif">41-1659606</FONT></B>&nbsp;
	</TD>
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	<TD width=44% nowrap align=center>
<FONT size=2 face="serif">(State or other</FONT>&nbsp;
	</TD>
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&nbsp;	</TD>
	<TD width=25% nowrap align=center>
<FONT size=2 face="serif">(Commission</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
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<FONT size=2 face="serif">(IRS Employer</FONT>&nbsp;
	</TD>
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	<TD width=44% nowrap align=center>
<FONT size=2 face="serif">jurisdiction of incorporation)</FONT>&nbsp;
	</TD>
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&nbsp;	</TD>
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<FONT size=2 face="serif">File Number)</FONT>&nbsp;
	</TD>
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&nbsp;	</TD>
	<TD width=25% nowrap align=center>
<FONT size=2 face="serif">Identification Number)</FONT>&nbsp;
	</TD>
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<TR>
	<TD colspan=5>
&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;
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<B><FONT size=2 face="serif">600 Emerson Road, Suite 300,</FONT></B>&nbsp;
	</TD>
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	<TD width=25% nowrap align=left>
&nbsp;
	</TD>
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&nbsp;
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<B><FONT size=2 face="serif">St. Louis, Missouri</FONT></B>&nbsp;
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<B><FONT size=2 face="serif">63141</FONT></B>&nbsp;
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&nbsp;
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<FONT size=2 face="serif">(Address of principal executive</FONT>&nbsp;
	</TD>
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&nbsp;	</TD>
	<TD width=25% nowrap align=center>
<FONT size=2 face="serif">(Zip Code)</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=25% nowrap align=left>
&nbsp;
	</TD>
</TR>
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	<TD width=44% nowrap align=center>
<FONT size=2 face="serif">offices)</FONT>&nbsp;
	</TD>
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&nbsp;	</TD>
	<TD width=25% nowrap align=left>
&nbsp;
	</TD>
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&nbsp;	</TD>
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&nbsp;
	</TD>
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</TABLE><BR>
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<B><FONT size=2 face="serif">(314) 813-9200 </FONT></B></P>
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<FONT size=2 face="serif">(Registrant's telephone number, including area code)</FONT></P>
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<B><FONT size=2 face="serif">N/A </FONT></B></P>
<P align="left">
<FONT size=2 face="serif">(Former name or former address, if changed since last report) </FONT></P>
<P align="left">
<FONT size=2 face="serif">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</FONT></P>
<P align="left">
<B><FONT size=2 face="serif">[ ]</FONT></B><FONT size=2 face="serif"> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.245)</FONT></P>
<P align="left">
<B><FONT size=2 face="serif">[ ]</FONT></B><FONT size=2 face="serif"> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>
<P align="left">
<B><FONT size=2 face="serif">[ ] </FONT></B><FONT size=2 face="serif">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>
<P align="left">
<B><FONT size=2 face="serif">[ ]</FONT></B><FONT size=2 face="serif"> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>

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<B><FONT size=2 face="serif">Item 1.01. Entry into a Material Definitive Agreement.</FONT></B><BR>
</TD></TR></TABLE>
</P>
<P align="left">
<FONT size=2 face="serif">On July 26, 2007, Isle of Capri Casinos, Inc. (the &#147;Company&#148;) entered into a Credit Agreement (the &#147;Credit Agreement&#148;), dated July 26, 2007, among Isle of Capri Casinos, Inc., as Borrower, the lenders
partythereto, Credit Suisse, Cayman Islands Branch, as Administrative Agent, Issuing Bank and Swing Line Lender, Credit Suisse Securities (USA) LLC, as Lead Arranger and Bookrunner, Deutsche Bank Securities Inc. and CIBC World Markets Corp., as
Co-Syndication Agents, and U.S. Bank, N.A. and Wachovia Bank, National Association, as Co-Documentation Agents.</FONT></P>
<P align="left">
<FONT size=2 face="serif">The amount of the new credit facility available under the Credit Agreement, which is secured by certain assets of the Company as set forth in the Security Agreement, dated July 26, 2007, among the Company, its material
subsidiaries, and Credit Suisse, Cayman Islands Branch, as Administrative Agent for and representative of the financial institutions party to the Credit Agreement and any Hedge Providers (as defined therein)(the &#147;Security Agreement&#148;), is
&#36;1,350,000,000, which has been and will be used to replace the Company's prior &#36;700 million senior secured credit facility which was entered into on February 4, 2005. The new senior credit facility consists of a &#36;475 million five-year
revolving credit facility, which matures on July 26, 2012 and an &#36;875 million term loan facility, which matures on November 25, 2013. The &#36;875 million term loan facility consists of a &#36;500 million senior secured loan facility which was
drawn at closing, a &#36;200 million senior secured delayed draw facility which may be drawn within 30 days after closing in order to redeem the Company's 9% senior subordinated notes and a &#36;175 million senior secured delayed draw facility which
can be drawn within twelve months after closing, at the Company's option. </FONT></P>
<P align="left">
<FONT size=2 face="serif"> Interest on the term loans and the revolving loans is determined with reference to (i) a base rate, which is the higher of (x) the Reference Rate (as defined in the Credit Agreement) and (y) 0.50% </FONT><U><FONT size=2 face="serif">plus</FONT></U><FONT size=2 face="serif"> the Federal Funds Effective Rate (as defined in the Credit Agreement) or (ii) LIBOR </FONT><U><FONT size=2 face="serif">plus</FONT></U><FONT size=2 face="serif"> a margin based on the
Consolidated Total Leverage Ratio (as defined in the Credit Agreement).</FONT></P>
<P align="left">
<B><FONT size=2 face="serif">Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.</FONT></B></P>
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<FONT size=2 face="serif">See Item 1.01.</FONT><BR>
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<B><FONT size=2 face="serif">Item 9.01. Financial Statements and Exhibits.</FONT></B><BR>
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<B><FONT size=2 face="serif">(c) Exhibits.</FONT></B>&nbsp;
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<B><FONT size=2 face="serif">Exhibit No.</FONT></B>&nbsp;
	</TD>
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&nbsp;	</TD>
	<TD width=83% nowrap align=center>
<B><FONT size=2 face="serif">Description</FONT></B>&nbsp;
	</TD>
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	<TD width=14% nowrap align=left>
<FONT size=2 face="serif">10.1</FONT>&nbsp;
	</TD>
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&nbsp;	</TD>
	<TD width=83% nowrap align=left>
<FONT size=2 face="serif">Form of Credit Agreement, dated as of July 26, 2007, among Isle of Capri Casinos, Inc., as</FONT>&nbsp;
	</TD>
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	<TD width=14% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=83% nowrap align=left>
<FONT size=2 face="serif">Borrower, the lenders party thereto, Credit Suisse, Cayman Islands Branch, as Administrative</FONT>&nbsp;
	</TD>
</TR>
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	<TD width=14% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=83% nowrap align=left>
<FONT size=2 face="serif">Agent, Issuing Bank and Swing Line Lender, Credit Suisse Securities (USA) LLC, as Lead</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=14% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=83% nowrap align=left>
<FONT size=2 face="serif">Arranger and Bookrunner, Deutsche Bank Securities Inc. and CIBC World Markets Corp., as Co</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=14% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=83% nowrap align=left>
<FONT size=2 face="serif">Syndication Agents, and U.S. Bank, N.A. and Wachovia Bank, National Association, as Co-</FONT>&nbsp;
	</TD>
</TR>
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	<TD width=14% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=83% nowrap align=left>
<FONT size=2 face="serif">Documentation Agents.</FONT>&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;
	</TD>
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	<TD width=14% nowrap align=left>
<FONT size=2 face="serif">10.2</FONT>&nbsp;
	</TD>
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	<TD width=83% nowrap align=left>
<FONT size=2 face="serif">Form of Security Agreement, dated as of July 26, 2007, among the Company, its material</FONT>&nbsp;
	</TD>
</TR>
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	<TD width=14% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=83% nowrap align=left>
<FONT size=2 face="serif">subsidiaries party thereto, and Credit Suisse, Cayman Islands Branch, as Administrative</FONT>&nbsp;
	</TD>
</TR>
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	<TD width=14% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=83% nowrap align=left>
<FONT size=2 face="serif">Agent for and representative of the financial institutions party to the Credit Agreement and</FONT>&nbsp;
	</TD>
</TR>
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	<TD width=14% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=83% nowrap align=left>
<FONT size=2 face="serif">any Hedge Providers (as defined therein)</FONT>&nbsp;
	</TD>
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<B><FONT size=2 face="serif">SIGNATURES</FONT></B><BR>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.
</FONT></P>
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&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=66% nowrap colspan=3 align=left>
<B><FONT size=2 face="serif">ISLE OF CAPRI CASINOS, INC.</FONT></B>&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan=5>
&nbsp;
	</TD>
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	<TD width=30% nowrap align=left>
<FONT size=2 face="serif">Date: July 30, 2007</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=30% nowrap align=right>
<FONT size=2 face="serif">By:</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=34% nowrap align=left>
<FONT size=2 face="serif">/s/DONN R. MITCHELL, II</FONT>&nbsp;
	</TD>
</TR>
<TR>
	<TD>
	</TD>
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	</TD>
	<TD>
	</TD>
	<TD>
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&nbsp;
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<FONT size=2 face="serif">Name:</FONT>&nbsp;
	</TD>
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&nbsp;	</TD>
	<TD width=34% nowrap align=left>
<FONT size=2 face="serif">Donn R. Mitchell, II</FONT>&nbsp;
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&nbsp;
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<FONT size=2 face="serif">Title:</FONT>&nbsp;
	</TD>
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&nbsp;	</TD>
	<TD width=34% nowrap align=left>
<FONT size=2 face="serif">Senior Vice President and</FONT>&nbsp;
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</TR>
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	<TD width=30% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=30% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=34% nowrap align=left>
<FONT size=2 face="serif">Chief Financial Officer</FONT>&nbsp;
	</TD>
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{"company-data": {"conformed-name": "ISLE OF CAPRI CASINOS INC", "cik": "0000863015", "assigned-sic": "7990", "irs-number": "411659606", "state-of-incorporation": "DE", "fiscal-year-end": "0425"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-20538", "film-number": "071010861"}, "business-address": {"street1": "600 EMERSON ROAD", "street2": "SUITE 300", "city": "SAINT LOUIS", "state": "MO", "zip": "63141", "phone": "3148139200"}, "mail-address": {"street1": "600 EMERSON ROAD", "street2": "SUITE 300", "city": "SAINT LOUIS", "state": "MO", "zip": "63141"}, "former-company": [{"former-conformed-name": "CASINO AMERICA INC", "date-changed": "19930328"}, {"former-conformed-name": "ANUBIS II CORP", "date-changed": "19600201"}]}
DC2258.pdf -- Converted by SEC Publisher 4.2, created by BCL Technologies Inc., for SEC Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
July 30, 2007 (July 26, 2007)
ISLE OF CAPRI CASINOS, INC.
(Exact name of Registrant as specified in its charter)
Delaware
0-20538
41-1659606
(State or other
(Commission
(IRS Employer
jurisdiction of incorporation)
File Number)
Identification Number)
600 Emerson Road, Suite 300,
St. Louis, Missouri
63141
(Address of principal executive
(Zip Code)
offices)
(314) 813-9200
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.245)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.
On July 26, 2007, Isle of Capri Casinos, Inc. (the "Company") entered into a Credit Agreement (the "Credit Agreement"), dated July 26, 2007, among Isle of Capri Casinos, Inc., as Borrower, the lenders
partythereto, Credit Suisse, Cayman Islands Branch, as Administrative Agent, Issuing Bank and Swing Line Lender, Credit Suisse Securities (USA) LLC, as Lead Arranger and Bookrunner, Deutsche Bank Securities Inc. and CIBC World Markets Corp., as
Co-Syndication Agents, and U.S. Bank, N.A. and Wachovia Bank, National Association, as Co-Documentation Agents.
The amount of the new credit facility available under the Credit Agreement, which is secured by certain assets of the Company as set forth in the Security Agreement, dated July 26, 2007, among the Company, its material
subsidiaries, and Credit Suisse, Cayman Islands Branch, as Administrative Agent for and representative of the financial institutions party to the Credit Agreement and any Hedge Providers (as defined therein)(the "Security Agreement"), is
$1,350,000,000, which has been and will be used to replace the Company's prior $700 million senior secured credit facility which was entered into on February 4, 2005. The new senior credit facility consists of a $475 million five-year
revolving credit facility, which matures on July 26, 2012 and an $875 million term loan facility, which matures on November 25, 2013. The $875 million term loan facility consists of a $500 million senior secured loan facility which was
drawn at closing, a $200 million senior secured delayed draw facility which may be drawn within 30 days after closing in order to redeem the Company's 9% senior subordinated notes and a $175 million senior secured delayed draw facility which
can be drawn within twelve months after closing, at the Company's option.
Interest on the term loans and the revolving loans is determined with reference to (i) a base rate, which is the higher of (x) the Reference Rate (as defined in the Credit Agreement) and (y) 0.50%
plus
the Federal Funds Effective Rate (as defined in the Credit Agreement) or (ii) LIBOR
plus
a margin based on the
Consolidated Total Leverage Ratio (as defined in the Credit Agreement).
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
See Item 1.01.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit No.
Description
10.1
Form of Credit Agreement, dated as of July 26, 2007, among Isle of Capri Casinos, Inc., as
Borrower, the lenders party thereto, Credit Suisse, Cayman Islands Branch, as Administrative
Agent, Issuing Bank and Swing Line Lender, Credit Suisse Securities (USA) LLC, as Lead
Arranger and Bookrunner, Deutsche Bank Securities Inc. and CIBC World Markets Corp., as Co
Syndication Agents, and U.S. Bank, N.A. and Wachovia Bank, National Association, as Co-
Documentation Agents.
10.2
Form of Security Agreement, dated as of July 26, 2007, among the Company, its material
subsidiaries party thereto, and Credit Suisse, Cayman Islands Branch, as Administrative
Agent for and representative of the financial institutions party to the Credit Agreement and
any Hedge Providers (as defined therein)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.
ISLE OF CAPRI CASINOS, INC.
Date: July 30, 2007
By:
/s/DONN R. MITCHELL, II
Name:
Donn R. Mitchell, II
Title:
Senior Vice President and
Chief Financial Officer