Mohegan Tribal Gaming price talk 6 3/8-6 5/8% on $330 million six-year deal pricing Tuesday

By Paul A. Harris

St. Louis, June 30 - Price talk of 6 3/8-6 5/8% was heard late Monday on Mohegan Tribal Gaming Authority $330 million senior subordinated notes due 2009 (existing ratings Ba3/BB-), according to a syndicate source who added that the deal will be marketed via an investor conference call at 11:00 a.m. ET, Tuesday, and is expected to price on Tuesday afternoon.

Banc of America Securities and Citigroup are joint bookrunners on the Rule 144A (with registration rights) offering. Fleet Securities, SG Cowen, Credit Lyonnais and Royal Bank of Scotland are co-leads. Commerzbank and MCD are co-managers.

Proceeds will be used to fund the tender for $300 million of 8¾% senior subordinated notes due 2009.

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