The Mashantucket Pequot Tribal Nation (MPTN), owner of the Mashantucket Pequot Gaming Enterprise and Foxwoods Resort Casino, extended its term A facility to June 30, 2020 and its forbearance agreement with senior lenders to June 30, 2019.
MPTN’s term A facility, with Bank of America as the administrative agent, was realigned to mirror its term B facility maturity date. Both extensions commenced on December 12, 2017 with the assistance of Centerview Partners.
“With the reality of competition expanding throughout the northeast, Foxwoods continues to add a variety of non-gaming and family-friendly offerings in preparation for the imminent changes to come,” said MPTN chairman, Rodney Butler. “By realigning our term A obligations and extending our forbearance agreement, we can better ensure that our ongoing plans will be compatible with long-term profitability.”