Mohegan Gaming And Entertainment Announced The Price Of Their Bonds
Mohegan gaming & entertainment announced that the company assessed its previously announced private placement of bonds of the second stage in 1.175 billion dollars for a common majority with a maturity of 2026. At the price of acccommodation 100% of the principal amount. Accommodation will be held approximately january 26, 2021. And will be due, among other things, the replacement of existing priority secure credit on a new renewable credit line in the amount of at least 250 million us dollars.
Clean revenue from the new main secured credit line together with cash will be used to finance the repayment of a certain existing mge debt, including all loans outstanding in the framework of the mainly securd credit line, all obligations towards the urgent credit line and the mge debt before mohegan tribe for some loans, as well as on the payment of relevant commissions and expenses.
Bonds will be guaranteed by some subsidiars of the company.
Source: official site mohegan gaming & entertainment