The Dry Creek Rancheria
Band of Pomo Indians of California announced an agreement to restructure about $200 million in gaming debt.
The debt was due November 1 but the tribe's creditors agreed not to pursue default pending a restructure. The deal is now complete, with about 92 percent agreeing to new terms, according to a press release.
Last month, the tribe reported an increase in revenues at the River Rock Casino.
Get the Story:
River Rock bondholders OK debt deal
(The Santa Rosa Press-Democrat 12/6)
Related Stories:
Dry Creek
Rancheria reports an increase in casino revenue (11/15)
Credit ratings
lowered for Dry Creek Rancheria gaming debt (11/10)
Dry Creek Rancheria reaches deal for $200M
in casino debt (11/3)
Opinion:
Dry Creek Rancheria faces gaming debt deadline (11/1)
Dry Creek Rancheria in rush to pay off
$200M casino debt (10/21)
California
Dry Creek Rancheria announces deal for $200M in gaming debt
Tuesday, December 6, 2011
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