💰 Foxwoods Resort Casino Reaches Debt Deal - WSJ

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(AP) — The tribe that runs the country's largest resort casino is showing The tribe, which defaulted on a debt of $ billion in , last year.


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The Mashantucket Pequot Tribe has officially defaulted on a $ million The tribe, owner of Foxwoods Resort Casino and MGM Grand at Foxwoods, "We've been monitoring the (Mashantuckets') debt-restructuring.


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(AP) — The tribe that runs the country's largest resort casino is showing The tribe, which defaulted on a debt of $ billion in , last year.


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The $ million of % notes due – in default since that November – were going to be swapped for 6% notes due The.


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The Mashantucket Pequot Tribe has officially defaulted on a $ million The tribe, owner of Foxwoods Resort Casino and MGM Grand at Foxwoods, "We've been monitoring the (Mashantuckets') debt-restructuring.


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The Mashantucket Pequot Tribe has officially defaulted on a $ million The tribe, owner of Foxwoods Resort Casino and MGM Grand at Foxwoods, "We've been monitoring the (Mashantuckets') debt-restructuring.


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Foxwoods Resort Casino says that it is current on its debt obligations, a news conference to address concerns that a default by the casino.


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The Mashantucket Pequot Tribe has officially defaulted on a $ million The tribe, owner of Foxwoods Resort Casino and MGM Grand at Foxwoods, "We've been monitoring the (Mashantuckets') debt-restructuring.


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A step lower in the capital structure are subordinated special revenue bonds. Contact Us. We apologize for any inconvenience this may cause. Leveraged Loan News. Thank you. The announcement comes nearly a year after it was originally thought the company would reach an accord. Over the next several months, the Tribal concern and the steering committees will work toward building support for the agreement and implementing the restructuring, according to the announcement. All Events Webinars Webinar Replays. Maturities will be set from the restructuring date. Log in to other products. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. In This List Foxwoods Casino reaches long-awaited debt-restructuring agreement.{/INSERTKEYS}{/PARAGRAPH} We generated a verification code for you. Bondholders are to receive new securities with lengthened maturities of 13, 18 and 23 years based on the seniority of the existing bonds, according to the release. We noticed you've identified yourself as a student. At this time we are unable to offer free trials or product demonstrations directly to students. Holders of subordinated special revenue obligations and 8. Clicking 'Request' means you agree to the Terms and have read and understood the Privacy Policy. One of our representatives will be in touch soon to help get you started with your demo. The situation has been dragging since August when the Tribe hired advisors, inked forbearance agreements on its revolving credit line and eventually skipped bond coupon payments in November Subordinated debt has been trading somewhere in the single digits recently, according to sources. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Under the terms of the agreement, the senior secured credit facility and Kien Huat loans will be restructured into two term loans, with five- and seven-year maturities, respectively. {PARAGRAPH}{INSERTKEYS}Remember Me. Please contact your professors, library, or administrative staff to receive your student login.