Sahara showing signs of rebirth as SLS Las Vegas

04/5/2012 | (Las Vegas) · Las Vegas Review-Journal

The owners of the shuttered Sahara are shedding some light on their plans to reopen the iconic casino as SLS Las Vegas. Debt-rating company Moody's said yesterday that Stockbridge/SBE Holdings intends to contribute $329 million in equity, but would also seek to raise at least another $415 million in a combined first-lien term loan and a junior debt. The SLS Las Vegas is expected to open in 2014 with renovated rooms and a 21,000-square-foot nightclub.

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