One Toronto Gaming to launch $800 million term loan B on Tuesday

By Sara Rosenberg

New York, July 10 – One Toronto Gaming will hold a lender call at 1 p.m. ET on Tuesday to launch an $800 million seven-year term loan B, according to a market source.

Barclays is the left lead on the deal.

Proceeds will be used with $400 million of other senior secured debt to refinance the company’s existing capital structure, to pay related fees and expenses and for general corporate purposes.

One Toronto Gaming, located in the greater Toronto area, is a gaming, entertainment and hospitality company operating under an equal-interest partnership between Great Canadian Gaming Corp. and Brookfield Business Partners and its institutional partners.

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