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JUL 01, 2013 - San Francisco Chronicle

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Foxwoods casino closes on $2.3 billion debt

Foxwoods casino closes on $2.3 billion debt (AP) — The Mashantucket Pequot Tribal Nation, which owns Foxwoods Resort Casino, announced Monday it closed on the restructuring of $2.3 billion in debt. Chief Executive Officer Scott Butera said that with the new capital structure in place, Foxwoods has long-term financing at favorable rates. [...] with cost-cutting and revamped marketing, Foxwoods is now in a strong position to build its gambling and hospitality business, he said. "The completion of our balance sheet restructuring is an historic occasion for Foxwoods and for the relationship ... Read More

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