Crossroads Gaming plans $270 million credit facility via Goldman

By Sara Rosenberg

New York, Nov. 8 - Crossroads Gaming Resort & Spa, LP has received a commitment for a $270 million credit facility that will be led by Goldman Sachs, according to a market source.

Details on timing and structure are still to be determined, the source added.

Proceeds from the credit facility, along with $80 million in equity from Silver Point Capital, LP, will be used to help fund the development of Crossroads, an Adams County, Pa., entertainment venue encompassing a four-star hotel with 224 rooms, a 30,000-square-foot, state-of-the-art luxury spa, and a variety of casual and fine dining restaurants.

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