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Print | Subscribe Mashantucket Tribe extends negotiations on $2.2B casino debt Friday, March 15, 2013 Filed Under: Connecticut | NIGC More on: debt, mashantucket ? Tweet ?

The Mashantucket Pequot Tribal Nation of Connecticut has extended negotiations for $2.2 billion in gaming-related debt. The tribe incurred the debt through the operation and expansion of the Foxwoods Resort Casino. Restructuring would lower the amount owed to creditors to about $1.3 billion. The tribe said it was waiting on a "declination letter" from the National Indian Gaming Commission that would affect the restructuring. Get the Story: Mashantuckets extend bond exchange offers (The New London Day 3/15) Foxwoods' owners extend $1.3B debt-swap offer (The Hartford Business Journal 3/14) Related Stories: Press Release: Mashantucket Tribe update on gaming debt refinancing (3/14)

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Source: http://www.indianz.com/IndianGaming/2013/026102.asp

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