Followers | 183 |
Posts | 25212 |
Boards Moderated | 14 |
Alias Born | 04/03/2002 |
Monday, May 04, 2015 3:30:34 PM
OLATHE, Kan., May 4, 2015 /PRNewswire/ -- Butler National Corporation (OTC Pink: BUKS), a leading manufacturer and provider of support systems for commercial and military aircraft and a recognized provider of management services in diverse business groups including the gaming industry, announces that its subsidiary, BHCMC, LLC, has completed a $5.5 Million debt refinancing transaction.
The Butler National subsidiary BHCMC, LLC manages the Boot Hill Casino & Resort. Butler National shares ownership of BHCMC with BHC Investment Company, LC, not related to Butler National. BHC Investment provided BHCMC with debt financing for the opening and the completion of the phase II expansion of the Boot Hill Casino & Resort. The refinancing paid off the BHC Investment debt, decreased the effective interest rate approximately ten points for a term of five years, paid refinancing expenses and provided additional working capital.
Mr. Clark Stewart, President and Chief Executive Officer of Butler National Corporation said, "We are pleased to complete the refinancing transaction and appreciate the cooperation of KS State Bank. This transaction should positively contribute to the continuing efforts to make BHCMC more efficient."
Our Business:
Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include temporary employee services, gaming services and administrative management services.
Forward-Looking Information:
Statements made in this report, filed with the Securities and Exchange Commission, communications to stockholders, press releases, and oral statements made by representatives of the Company that are not historical in nature, or that state the Company or management intentions, hopes, beliefs, expectations or predictions of the future, may constitute "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements can often be identified by the use of forward-looking terminology, such as "could," "should," "will," "intended," "continue," "believe," "may," "expect," "hope," "anticipate," "goal," "forecast," "plan," "guidance" or "estimate" or the negative of these words, variations thereof or similar expressions. Forward-looking statements are not guarantees of future performance or results. They involve risks, uncertainties, and assumptions. It is important to note that any such performance and actual results, financial condition or business, could differ materially from those expressed in such forward-looking statements. The forward looking statements in this report are only predictions and actual events or results may differ materially. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.
FOR MORE INFORMATION, CONTACT:
David Drewitz, Public Relations Ph (972) 814-5723
david@creativeoptionscommunications.com http://www.creativeoptionsmarketing.com
Butler National Corporation Investor Relations Ph (913) 780-9595
THE WORLDWIDE WEB:
Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/butler-national-corporation-announces-refinancing-of-55-million-of-casino-debt-300076817.html
SOURCE Butler National Corporation
Recent BUKS News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/19/2024 04:55:35 PM
- Form ARS - Annual Report to Security Holders • Edgar (US Regulatory) • 09/16/2024 03:30:44 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 09/16/2024 02:20:47 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/13/2024 10:16:17 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/13/2024 10:15:36 AM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 09/06/2024 06:13:58 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 08/28/2024 07:02:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/20/2024 07:26:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/12/2024 06:15:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2024 10:15:11 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/30/2024 06:44:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/23/2024 07:44:32 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 07/23/2024 07:40:32 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 09:34:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/14/2024 01:00:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/06/2024 09:14:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/29/2024 10:26:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/24/2024 09:14:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/22/2023 09:19:51 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/18/2023 02:56:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/15/2023 02:46:14 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/15/2023 02:45:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/11/2023 02:47:27 PM
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM