Press Release: Mohegan Tribal Gaming Authority makes debt announcement

The Authority announced that the early tender period with respect to its previously announced cash tender offer and consent solicitation (the "Tender Offer") for $199,800,000 of its outstanding 11.5% Second Lien Senior Secured Notes due 2017 (the "2017 Notes") expired on November 18, 2013 at 5:00 p.m., New York City time (the "Early Tender Deadline"). As of the Early Tender Deadline, holders of $199,765,000, or approximately 99.98%, of the total outstanding principal amount of the 2017 Notes had tendered their notes and provided consents. The consents received exceed the amount needed to approve the proposed amendments to the March 6, 2012 indenture under which the 2017 Notes were issued (the "Indenture"). The Authority also announced that withdrawal rights with respect to the 2017 Notes tendered in the Tender Offer expired at 5:00 p.m., New York City time, on November 18, 2013.

The Authority has elected to exercise its early purchase option described in the Offer to Purchase and Consent Solicitation Statement, dated November 4, 2013 (the "Statement"), relating to the Tender Offer. Holders of the 2017 Notes who validly tendered and did not validly withdraw their notes at or prior to the Early Tender Deadline will receive on November 19, 2013 (the "Early Payment Date"), the total consideration of $1,160.00 per $1,000 principal amount of 2017 Notes validly tendered at or before the Early Tender Deadline and accepted in the Tender Offer, which includes an early tender payment of $30.00 for each $1,000 principal amount of 2017 Notes, plus accrued and unpaid interest from the last interest payment date for the 2017 Notes to, but not including, the Early Payment Date.