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.

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