Daily News: November 8, 2013

Bloomberg: Mohegan Tribal Said to Set Rate on Term Loan

Bloomberg reported that Mohegan Tribal Gaming Authority, the operator of casinos in Connecticut and Pennsylvania, set the rate it will pay on a $730 million term loan to refinance debt, according to a person with knowledge of the transaction.

Bloomberg said further the six-year deal will pay interest at 4.5 percentage points more than the London interbank offered rate with a 1 percent minimum on the lending benchmark, according to a source, who asked not to be identified because terms are private.

To read the entire Bloomberg article, click here.