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Seminole Tribe backs $750M in financing with casino revenue


Filed Under: Business Deals
More on: debt, florida, seminole
   

The Seminole Tribe of Florida has secured a $750 million loan with its gaming revenues.

The tribe will use the proceeds from the loan to pay off an existing loan and other costs, according to a press release.

The tribe operates six gaming facilities with nearly 13,000 slot machines and approximately 340 table games, Fitch Ratings said in assigning a BBB- rating to the loan.

Fitch said the tribe remains in a "solid competitive position" even as lawmakers consider an expansion of non-Indian gaming in the state.

Get the Story:
Seminole Tribe gaming gets $750M loan (The South Florida Business Journal 4/30)

Related Stories:
Column: Bet on an expansion of non-Indian gaming in Florida (4/29)

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