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Mohegan announces third amendment to credit agreement18 October 2023(PRESS RELEASE) -- On 12 October 2023, the Mohegan Tribal Gaming Authority entered into the Third Amendment to that certain Credit Agreement (as amended by the First Amendment, dated as of 31 May 2022, and the Second Amendment, dated as of 14 February 2023, the “Existing Credit Agreement”), dated as of 26 January 2021, by and among MTGA, The Mohegan Tribe of Indians of Connecticut, Citizens Bank, N.A., as administrative agent and the other lenders party thereto (the Existing Credit Agreement, as amended by the Amendment, the “Amended Credit Agreement”). In connection with the Amendment, Fifth Third Bank, National Association (“Fifth Third”), replaced Bank of America, N.A. as Swingline Lender under the Amended Credit Agreement, extending to MTGA a revolving line of credit of Five Million Dollars ($5,000,000) on such terms and conditions as set forth in the Overdraft Services Agreement dated as of October 12, 2023, by and between Fifth Third and MTGA. The line of credit, to be used for temporary borrowings from time-to-time, will mature coincident with the preexisting credit commitments under the Amended Credit Agreement.
Mohegan announces third amendment to credit agreement
is republished from Online.CasinoCity.com.
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