Mashantucket Pequot to launch $275 million term loan B on Thursday

By Sara Rosenberg

New York, July 23 - Mashantucket Pequot Tribal Nation will hold a bank meeting at 10 a.m. ET on Thursday to launch a $275 million term loan B due June 30, 2020 that is talked at Libor plus 812.5 basis points with a 1.25% Libor floor and an original issue discount of 98½ to 99, according to sources.

Bank of America Merrill Lynch is the lead bank on the deal.

Proceeds are being used to back a restructuring.

Mashantucket Pequot is the owner of the Foxwoods Resort Casino and is based in Mashantucket, Conn.

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