Mohegan Tribal Gaming Authority Announces Pricing of $500 Million of Senior Notes and New Bloomberg Ticker Symbol

Uncasville, Connecticut (September 30, 2016) – The Mohegan Tribal Gaming Authority, or the Authority, the owner of Mohegan Sun in Uncasville, Connecticut, and Mohegan Sun Pocono in Wilkes-Barre, Pennsylvania, announced today that it has priced the offering of its senior notes due 2024 (the “notes”), which was commenced on September 26, 2016, as well as the change of its Bloomberg ticker symbol from “TRIBAL” to “MOHEGN.” The notes will be unsecured, unsubordinated obligations of the Authority and will be guaranteed by certain of its subsidiaries. The Authority will issue $500 million in aggregate principal amount of notes at a price equal to 99.271% of par. The notes offering is expected to close on October 14, 2016, subject to certain conditions, including the Authority’s entry into $1,400 million in new senior secured credit facilities which, as previously announced, the Authority has engaged various financial institutions to arrange.

The notes will bear interest at an annual rate of 7.875%, payable semiannually, in cash in arrears on April 15 and October 15 of each year, commencing April 15, 2017. The notes will mature on October 15, 2024.

The Authority expects to use the net proceeds from the notes offering, together with borrowings under the new senior secured credit facilities to (i) finance the repayment, repurchase and redemption of certain of the Authority’s existing indebtedness, including, but not limited to, its existing secured credit facilities, its outstanding 9.75% senior notes due 2021 and 11% senior subordinated notes due 2018 (including through the Authority’s previously announced tender offer for such notes) and its floating rate notes due 2017, and (ii) pay related fees and expenses.

The notes and related guarantees are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended or, outside the United States, to persons other than “U.S. persons” in compliance with Regulation S under the Securities Act. The notes and related guarantees have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This notice is issued pursuant to Rule 135c of the Securities Act, and does not constitute an offer to sell the notes, nor a solicitation for an offer to purchase the notes.

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Myjak, Kyle

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