Latham & Watkins Advises on Mohegan Gaming’s Refinancing Transactions

Latham & Watkins represented the lead arrangers and initial purchasers in connection with significant refinancing transactions for the Mohegan Tribal Gaming Authority, the owner, developer, and manager of premier entertainment resorts in the United States and Canada, including: the 144A/Reg. S offerings of US$750 million in aggregate principal amount of 8.250% first priority senior secured notes due 2030; US$450 million in aggregate principal amount of 11.875% second priority senior secured notes due 2031; and, a new, five-year, US$250 million senior secured revolving credit facility.

Partners Sony Ben-Moshe, Senet Bischoff, Benjamin Stern, and Ken Askin led the Latham team, with associates Shawn Quinn, Bradford Taylor, and Katherine Ko. Advice was provided on credit facility matters by associate Nick Little; and on tax matters by partner Bora Bozkurt, with associate Joyce Shin.