Press Release: Mohegan Tribal Gaming Authority makes debt announcement

The Mohegan Tribal Gaming Authority, or the Authority, announced today that it has commenced a tender offer to purchase for cash any and all of its 11.5% Second Lien Senior Secured Notes due 2017(the “Notes”) on the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement, dated November 4, 2013, and the related Letter of Transmittal and Consent (together, the “Offer Documents”). Concurrently with the tender offer, the Authority is soliciting consents to proposed amendments to the indenture governing the Notes (the “Indenture”), providing for the elimination of substantially all of the Indenture’s restrictive covenants and elimination or modification of certain events of default and related provisions contained in the Indenture. Holders that tender Notes must also consent to such proposed amendments to the Indenture.