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: