Lakes Entertainment repays $105 million credit facility

By Sara Rosenberg

New York, March 5 - Lakes Entertainment Inc. repaid its loan under the existing $105 million credit agreement with Bank of America using proceeds from loan participations, according to a company news release.

The loan participations include a $46 million amended and restated Lakes development note, a $12 million amended and restated transition loan note and a $13.2 million amended and restated non-gaming land acquisition line of credit.

Lakes is a Minnetonka, Minn.-based developer and manager of casinos and related entertainment facilities in various gaming jurisdictions, including Indian-owned casinos.

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