The Mohegan Tribal Gaming Authority entered an amendment with Citizens Bank to reduce the interest rate on its existing credit facility by .50%.
The Mohegan Tribal Gaming Authority has engaged Citizens Bank, Merrill Lynch, Credit Suisse Securities (USA) SunTrust Robinson Humphrey, Goldman Sachs Bank, KeyBank and CIT Bank to arrange $1.4 billion of new senior secured credit facilities.
The Mohegan Tribal Gaming Authority announced several financing transactions including entering into an amendment with Citizens Bank as agent for a lender group to borrow $90 million of increased term B loans.
Bloomberg reported that Mohegan Tribal Gaming Authority set the rate it will pay on a $730 million term loan to refinance debt.
The owner and operator of Mohegan Sun in Uncasville, CT and Wilkes-Barre, PA announced it engaged RBS Securities, Merrill Lynch and Credit Suisse Securities to arrange $715 million in new credit facilities.