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Mohegan Tribal Gaming sets Wednesday investor call for $425 million offering of notes
By Paul A. Harris
Portland, Ore., July 30 - Mohegan Tribal Gaming Authority has scheduled an investor conference call at 10:30 a.m. ET on Wednesday to discuss its $425 million offering of eight-year senior notes, according to a syndicate source.
The deal is set to price on Thursday.
Credit Suisse Securities (USA) LLC, RBS Securities Inc., Goldman Sachs & Co., Credit Agricole CIB, SunTrust Robinson Humphrey Inc., Jefferies LLC, BofA Merrill Lynch and Nomura are the joint bookrunners.
The Rule 144A for life notes become callable in three years at par plus 75% of the coupon. The notes feature a 101% poison put.
The Montville, Conn.-based owner and operator of gaming properties plans to use the proceeds to refinance its third-lien notes.
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