The Mohegan Tribe of
Connecticut announced a plan to restructure some of its gaming debt.
The tribe plans to exchange about $598 million worth of bonds for new notes. The deal places less restrictions on the tribe's operations.
The tribe also plans to to reduce its line of credit, from $675 million to $475 million.
According to a press release, the tribe owes $1.075 billion on five notes.
Get the Story:
Press Release: Mohegan Tribal Gaming Authority Commences Debt Refinancing Transactions
(Mohegan Tribal Gaming Authority 1/24)
Mohegan Sun’s Owners Seek to Restructure Debt
(The New York Times 1/24)
CT Casino Faces “Wall Of Debt” (AP 1/21)
Connecticut
Mohegan Tribe announces plan to restructure gaming debts
Wednesday, January 25, 2012
Stay Connected
Contact Us
indianz@indianz.com202 630 8439 (THEZ)
Search
Top Indian Gaming Stories
Trending in Gaming
1 Catawba Nation continues work on controversial casino in North Carolina
2 Cheyenne and Arapaho Tribes move forward with casino expansion
3 Poarch Band of Creek Indians said to be on Trump's radar
4 Hopi Tribe officially joins Indian gaming industry with approved compact
5 Seminole Tribe paid just $50M for casino Donald Trump built for $1.2B
2 Cheyenne and Arapaho Tribes move forward with casino expansion
3 Poarch Band of Creek Indians said to be on Trump's radar
4 Hopi Tribe officially joins Indian gaming industry with approved compact
5 Seminole Tribe paid just $50M for casino Donald Trump built for $1.2B
More Stories
• Q&A: Matthew Fletcher on Supreme Court casino land case• Column: Tribes in Minnesota maintain monopoly on gaming
Indian Gaming Archive