Mashantucket Tribe finalizes deal to restructure gaming debt

Wednesday, June 26, 2013  

The Mashantucket Pequot Tribal Nation of Connecticut has finalized a deal to restructure its gaming debt.

After months of negotiations, the tribe reached agreements with a sufficient percentage of debt holders, according to a press release. The deal should bring the tribe's debt to $1.7 billion, down from $2.2 billion, The New London Day reported.

The tribe incurred the debt through the operation and expansion of the Foxwoods Resort Casino.

Get the Story:
Mashantuckets reach deal on debt (The New London Day 6/26)

Press Release: Mashantucket Tribe update on gaming debt refinancing (6/25)