Mashantucket Tribe finalizes agreement for $2.2B casino debt

Monday, October 15, 2012  

The Mashantucket Pequot Tribal Nation of Connecticut has finalized an agreement to restructure $2.2 billion in gaming related debt.

The tribe announced the deal in August. As of today, a sufficient percentage of debt holders have agreed to the refinancing.

"We can now move ahead confidently with our strategic plan which focuses on maximizing our long term profitability in this challenging economic and competitive environment," Foxwoods President and CEO Scott C. Butera said in a press release.

Get the Story:
Foxwoods tribe reaches acceptance threshold on debt deal (The Norwich Bulletin 10/15)
Debt deal lifts veil on Foxwoods' finances (The New London Day 10/14)

Mashantucket Tribe releases details of $2.2B gaming debt deal (10/02