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Mohegan Tribal to launch $715 million credit facility on Monday
By Sara Rosenberg
New York, Oct. 17 - Mohegan Tribal Gaming Authority scheduled a bank meeting for 1:30 p.m. ET on Monday to launch a $715 million credit facility, according to a market source.
RBS Securities Inc. is the lead on the deal.
The facility consists of a $100 million revolver, a $150 million term loan and a $465 million term loan, the source said.
Proceeds will be used to refinance existing debt.
Mohegan is an Uncasville, Conn.-based operator of gaming and entertainment enterprises.
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