Jamul Indian Village Development Corporation

JAMUL INDIAN VILLAGE DEVELOPMENT CORPORATION COMPLETES REFINANCING FOR HOLLYWOOD CASINO

 

Source: Jamul Indian Village

October 24, 2016 (Jamul) - The Jamul Indian Village Development Corporation (JIVDC) announced today that it has finalized an approximately $460 million refinancing transaction in connection with its brand new facility, Hollywood Casino Jamul- San Diego. Proceeds from the refinancing will be used to refinance the debt associated with the development of the casino, retire tribal debt and for working capital. N.A., Goldman Sachs Banks USA and Fifth Third Bank acted as joint lead arrangers and joint bookrunners. The loans will be held by commercial banks, an affiliate of Och-Ziff Real Estate, and an affiliate of Penn National Gaming Inc.