The Mashantucket Pequot
Tribal Nation of Connecticut has extended negotiations for $2.2 billion in gaming-related debt.
The tribe incurred the debt through the operation and expansion of the
Foxwoods Resort Casino.
Restructuring would lower the amount owed to creditors to about $1.3 billion.
The tribe said it was waiting on a "declination letter" from the National Indian Gaming Commission that would affect the restructuring.
Get the Story:
Mashantuckets extend bond exchange offers (The New London Day 3/15)
Foxwoods' owners extend $1.3B debt-swap offer (The Hartford Business Journal 3/14) Related Stories:
Press Release: Mashantucket Tribe update on gaming debt refinancing (3/14)
Mashantuckets extend bond exchange offers (The New London Day 3/15)
Foxwoods' owners extend $1.3B debt-swap offer (The Hartford Business Journal 3/14) Related Stories:
Press Release: Mashantucket Tribe update on gaming debt refinancing (3/14)
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