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Moody's: Midwest Gaming unaffected
Moody's Investors Service said that Midwest Gaming Borrower, LLC's ratings are not affected by the company's disclosure that it has entered into a new $20 million first-lien senior secured revolving credit facility.
Midwest currently has a B2 corporate family rating and a B2 rating on its $175 million second-lien notes due 2016.
Moody's notes that the company's previous senior secured credit facilities, including the $10 million undrawn revolver, were terminated as a condition precedent to the new credit facility.
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