Mohegan Tribal Gaming draws $340 million from revolver to repay notes

By Susanna Moon

Chicago, July 17 - Mohegan Tribal Gaming Authority drew $340 million under its $850 million revolving bank credit facility with administrative agent Bank of America, NA, according to an 8-K filing with the Securities and Exchange Commission.

The Uncasville, Conn., casino operator used the funding to repay the authority's $330 million of 6 3/8% senior subordinated notes plus interest at maturity on July 15.

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