Carter Ledyard Assists in $1.9 Billion Refinancing of Mohegan Sun
Carter Ledyard corporate partner Steven Paul McSloy and corporate associate Guy Ben-Ami represented a syndicate of lending banks and a group of investment banks on issues of tribal law regarding the Mohegan Tribal Gaming Authority’s recent $1.9 billion refinancing. The refinancing consisted of a $500 million private placement bond offering and a $1.4 billion senior secured credit facility, the proceeds of which were used in part to fund $785 million in tender offers for and a $100 million prepayment of certain other debt of the Authority. The Authority owns and operates the Mohegan Sun gaming and entertainment complex in Uncasville, Connecticut and the Mohegan Sun Pocono casino and resort in Pennsylvania.
We continue to monitor and report on recent COVID-19 developments. Please refer to our Response Group’s homepage, where you'll find advisories from numerous attorneys on a wide range of subjects.