Mohegan Gaming & Entertainment Announces Pricing of $1.175 Billion of Second Priority Senior Secured Notes

UNCASVILLE, Conn., Jan. 15, 2021 /PRNewswire/ — Mohegan Gaming & Entertainment (“MGE” or the “Company”) today announced that it has priced its previously announced private offering (the “Offering”) of $1.175 billion in aggregate principal amount of 8.000% second priority senior secured notes due 2026 (the “Notes”), at an offering price of 100% of the principal amount thereof.  The consummation of the Offering is expected to occur on or about January 26, 2021, and is conditioned on, among other things, MGE’s replacement of its existing senior secured credit facilities (the “Senior Secured Credit Facilities”) with a new revolving credit facility, or an amendment and restatement of the Senior Secured Credit Facilities into a new revolving credit facility, in either case with commitments of not less than $250 million (the “New Senior Secured Credit Facility”), prior to or…