The Seminole Tribe of Florida plans to offer $367.4 million in bonds to finance gaming projects.
The tribe will offer $37.4 million in tax-exempt bonds and $330 million in taxable bonds. "The Tribe intends to use the net proceeds from the issuance and sale of the Bonds to fund various capital expenditures at its gaming facilities and for other improvements and additions to the property of the Tribe," the tribe said in a press release. Moody’s Investor Service lowered the tribe's credit ratings amid federal scrutiny of the tribe's use of gaming revenues. Get the Story: