MTN Announces Cash Tender Offer For Its $390MM In 6.75% Senior Subordinated Notes, KBW Reports

Vail Resorts Inc. MTN announced a cash tender offer for its $390MM in 6.75% senior subordinated notes due 2014, KBW reports. “The tender will be funded by new 6.5% senior subordinated notes due 2019. In addition to reducing its debt cost, MTN extends its maturity profile through the transaction,” KBW writes. Vail Resorts closed Monday at $49.19.