Mohegan Gaming enters $263 million revolving credit facility

By Taylor Fox

New York, Jan. 26 – Mohegan Gaming & Entertainment entered into a credit agreement for $263 million in a new revolving senior secured credit facility, according to a news release.

Proceeds from Mohegan’s new 8% senior notes offering, borrowings under the credit facility and cash on hand will be used to fund the repayment of certain existing debt of Mohegan, including all loans outstanding under the company’s previous senior secured credit facilities, its main street term loan facility and certain subordinated loans from the Mohegan Tribe, and to pay related fees and expenses.

Mohegan Gaming is an Uncasville, Conn.-based operator of gaming and entertainment enterprises.

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