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Mohegan seeks $783 million term B repricing at Libor plus 375-400 bps
By Sara Rosenberg
New York, March 30 – Mohegan Tribal Gaming Authority is in market with a repricing of its $783 million term loan B due October 2023 that is talked at Libor plus 375 basis points to 400 bps with a 1% Libor floor and an original issue discount of 99.875, according to a market source.
The repriced loan includes 101 soft call protection for six months, the source said.
Citizens Bank is the lead on the deal.
The repricing will take the term loan B down from Libor plus 450 bps with a 1% Libor floor.
Commitments are due on Wednesday, the source added.
Mohegan Tribal is an Uncasville, Conn.-based operator of gaming and entertainment enterprises.
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