The Mohegan Tribe of Connecticut has completed financing of about $1 billion in gaming-related debt.
A $675 million credit line was due Friday, The New London Day reported. Another $250 million worth of bonds would have been due April 1.
But the Mohegan Tribal Gaming Authority reached a deal to put off payments until March 15, 2015.
The tribe also raised a new $225 million line of credit.
"We are very pleased to announce the successful completion of our refinancing," Chairman Bruce "Two Dogs" Bozsum said in a statement. "This accomplishment reflects a tremendous team effort, and we would like to extend our thanks to everyone involved at both the authority and the tribal government."
Get the Story:
Mohegans complete debt-refinancing
(The New London Day 3/8)
Mohegan Sun Announces Refinance Deal With Lenders
(AP 3/7)
Connecticut
Mohegan Tribe completes refinancing for $1B in gaming debt
Thursday, March 8, 2012
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