Uncasville, Connecticut, January 29, 2024 – On January 24, 2024, MGE Niagara Entertainment Inc. (“MGE Niagara”), an indirect subsidiary of Mohegan Tribal Gaming Authority (“Mohegan”), entered into the Third Amended and Restated Credit Agreement (the “Third ARCA”), which amends and restates that certain Credit Agreement dated as of July 14, 2021, by and among MGE Niagara, Complex Services, Inc., as guarantor, Bank of Montreal, as administrative agent, and lenders party thereto, (as amended by that certain Amending Agreement dated as of September 20, 2022, and the Second Amended and Restated Credit Agreement dated as of August 8, 2023, the “Existing Credit Agreement”), providing for senior secured credit facilities maturing August 8, 2028 (the “Credit Facilities”).
The Third ARCA includes, among other things, technical amendments to effectuate the transition from an interest rate based on the Canadian Dollar Offered Rate to an interest rate based on the Canadian Overnight Repo Rate Average (“CORRA”), as contemplated in the Existing Credit Agreement, in order to facilitate an early transition to CORRA-based borrowings.
About Mohegan
Mohegan is the owner, developer, and manager of premier entertainment resorts in the United States, Canada, and Northern Asia. Mohegan’s U.S. operations include resorts in Connecticut, Washington, Pennsylvania, New Jersey, and Nevada; Canadian operations are based in Niagara Falls, Ontario; and Mohegan Inspire is located in Incheon, South Korea. The brand’s iGaming division, Mohegan Digital, provides cutting-edge online gaming solutions to Mohegan’s loyal fan base and meets the digital needs of customers on a global scale. Mohegan is owner and operator of Connecticut Sun, a professional basketball team in the WNBA. For more information on Mohegan and its properties, please visit www.mohegangaming.com/.
Contact:
Carol K. Anderson
Chief Financial Officer
Mohegan
(860) 862-8000
canderson@mohegangaming.com