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Snoqualmie Tribe refinances $310M in gaming-related debt


Filed Under: Business Deals
More on: debt, snoqualmie, washington
   
The Snoqualmie Tribe of Washington has refinanced $310 million in gaming-related debt.

The five-year revolving credit deal enables the tribe to refinance all its existing casino debt. It also makes it easier for the tribe to borrow money to make improvements at the Snoqualmie Casino.

"We wanted to refinance in the most responsible manner possible to ensure both the best interest rates and to reduce our debt," Chairwoman Carolyn Lubenau said in a press release. "This transaction allowed us to secure a financing that met all of our goals in seeking a refinancing. Working with our advisors and the banks, the tribe has secured a brighter future for the Snoqualmie people with this refinance."

Get the Story:
Snoqualmie Tribe Refinancing $310M in Casino Debt (Indian Country Today 2/4)

Related Stories:
Press Release: Snoqualmie Tribe to refinance casino debt (2/3)

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