Carter Ledyard Advises on $179 Million Financing
Corporate partner Steven Paul McSloy advised both the senior secured and subordinated lenders in a $179 million refinancing for the East Valley Tourism Development Authority, operators of the Fantasy Springs Resort Casino in California. Consisting of a $130 million senior secured loan with institutional investors and a $49 million subordinated loan with existing lenders, this highly-structured financing culminated a five-year long restructuring effort by the Authority.
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