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Foxwoods misses debt deadline14 July 2010CONNECTICUT -- Foxwoods missed a debt repayment deadline on Tuesday, The Norwich Bulletin reported. The repayment is on $700 million line of credit owed to a group of financiers that includes Bank of America Corp., the report said. Foxwoods is currently looking to "restructure" 2 billion in debt, Norwich Bulletin reported. The tribe released a statement vowing to reach agreement with its lenders and stating strong commitment to resolving the debt, the report noted. |