Jamul Indian Village Development Corporation

JAMUL INDIAN VILLAGE DEVELOPMENT CORPORATION REFINANCE ATTRACTS MULTIPLE LENDERS

Tribe to benefit from low interest rate

Source:  Jamul Indian Village

Photo:  the Jamul Indian Village Development Corporation (JIVDC), owner and operator of Jamul Casino, recently closed on a refinance with a syndicate of commercial banks.  JIVDC was able to retire all of its high-interest pre-development debt and consolidate its financing in a single low-interest loan.

March 4, 2022 (Jamul) - On February 10, 2022, the Jamul Indian Village Development Corporation (JIVDC), owner and operator of Jamul Casino®, closed on a refinance with a syndicate of commercial banks led by Western Alliance Bank.  The other lenders were U.S. Bank, Nevada State Bank, KeyBank, First-Citizens Bank & Trust Co. and Columbia State Bank.  JIVDC was able to retire all of its high interest pre-development debt and consolidate its financing in a single low interest loan.  With this refinance, the JIVDC was able to pay off the entirety of its high interest rate loan with funds from the refinance and significantly reduce the interest rate on its debt, dramatically improving the financial future of the Jamul Indian Village.


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JAMUL CASINO PROMOTES THERESA GRADY TO CHIEF FINANCIAL OFFICER

Experienced Casino Finance Leader Advances to Executive Position
 
East County News Service
 
April 13, 2021 (Jamul) -- Jamul Casino® has announced that Theresa Grady (photo, left) has been promoted to Chief Financial Officer (CFO).  Her advancement comes after nearly four years with the Casino as its former Director of Finance, where she was highly involved in building the Casino’s Finance, Audit, Vendor Payments, Payroll, and Count Operations teams, and in helping spearhead the completion of the Casino’s recent refinance in January 2021. 
 
With several other high-profile promotions in recent years, Ms. Grady’s elevation to CFO demonstrates Jamul Casino’s commitment to the professional growth of its team members, according to a press release.

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JAMUL INDIAN VILLAGE OF CALIFORNIA CHAIRWOMAN, ERICA M. PINTO, RECEIVES PRESTIGIOUS HONOR FROM THE AMERICAN INDIAN CHAMBER OF COMMERCE OF CA

East County News Service
 
Warrior Award recognizes outstanding efforts to grow tribal business
 
November 9, 2020 (Jamul) – Last Friday, Erica M. Pinto, Chairwoman of Jamul Indian Village of California (JIV), received the American Indian Chamber of Commerce of California’s highest honor, the Warrior Award.  Ms. Pinto was recognized at the Chamber’s 2020 Native American Heritage Month Luncheon on Friday, November 6 at the Agua Caliente Resort in Rancho Mirage, CA.  The prestigious Warrior Award recognizes Ms. Pinto’s continuous work on behalf of tribal businesses and community growth for Native peoples. 

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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.


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