Category: Mohegan

Highlights:

• Closes previously-announced refinancing transaction of $1.2 billion in new secured notes with proceeds released from escrow
• Enters into new, upsized five-year $250 million revolving credit facility
• Closes private exchange of $226 million of 2027 unsecured notes for 2031 secured notes
• Enters into agreement to extend a portion of 2027 unsecured notes to 2029
• Mohegan Tribe acquires $100 million of 2027 unsecured notes and commits to extend maturity to 2032

UNCASVILLE, Conn., April 24, 2025 /PRNewswire/ — Mohegan Tribal Gaming Authority (“Mohegan,” the “Company,”) today announced the finalization and closing of significant refinancing transactions, including the release from escrow of the proceeds from its April 10, 2025 notes offering, the entry into a new revolving credit facility, the completion of a private notes exchange, and entry into agreements to extend the maturity of a majority in principal amount of its remaining unsecured notes to 2029 and 2032.

On April 24, 2025, the Company and MS Digital Entertainment Holdings, LLC (the “Co-Issuer”), the Company’s wholly-owned subsidiary, executed supplemental indentures as successor issuers of $750 million in aggregate principal amount of 8.250% first priority senior secured notes due 2030 (the “2030 Notes”) and $450 million in aggregate principal amount of 11.875% second priority senior secured notes due 2031 (the “2031 Notes,” and, together with the 2030 Notes, the “notes”) issued on April 10, 2025 in an offering (the “Offering”) by the Company’s wholly-owned subsidiary Mohegan Escrow Issuer, LLC (the “Escrow Issuer”). Because the conditions for the release of the proceeds from escrow were satisfied, the Company and the Co-Issuer assumed the obligations of the Escrow Issuer.

The Company has also entered into a new, five-year $250 million senior secured revolving credit facility. The proceeds of the Offering and borrowings under the new revolving credit facility, together with cash on…

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Penn State men’s basketball will play Providence in November in a neutral site game, according to Jon Rothstein.

While an official date is still to be determined, the game is set to be played at Mohegan Sun Arena in Uncasville, Connecticut.

The Nittany Lions and Friars have faced off three times in program history, with Penn State holding a 2-1 record. The most recent matchup came in 2012, when the blue and white won 55-52 in overtime.

Mike Rhoades will return to the helm for his third year as the head coach, but will be without graduating seniors Ace Baldwin Jr., Nick Kern Jr., Puff Johnson, Zach Hicks, and D’Marco Dunn. The Nittany Lions also lost three freshmen to the transfer portal, but will bring in three new freshmen through the 2025 recruiting cycle.

The last time Penn State played at Mohegan Sun Arena was in November of 2016, where it lost to Duke and Cincinnati in the Hall of Fame Tip-Off Tournament.

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Michael Siroty is a sophomore from Westfield, New Jersey, majoring in broadcast journalism. When he isn’t writing articles or making TikToks for Onward State, Siroty is probably somewhere talking about college sports. You can contact him to discuss your sushi order or music taste on Instagram and X @msiroty or by email at [email protected].

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SHAWNEE, OK – Three vending machines that dispense free, lifesaving medicine are now available to the public, courtesy of the Citizen Potawatomi Nation (CPN). The Narcan, or naloxone, vending machines are located at FireLake Discount Foods, FireLake Entertainment Center and the Grand Casino Hotel & Resort.

“We have been working on these machines since last year,” said Chad Stieben, CPN Health Education Department. “The CPN Medical Education Department received a grant [to fund the machines]. So, we’ve been working to get these machines into action.”

Stieben is hopeful machines like these can contribute to the efforts to reduce the rates of fatal drug overdoses.

According to National Public Radio (NPR), national surveys compiled by the Centers for Disease Control and Prevention show an unprecedented decline in drug deaths in 2024 of roughly 10.6 percent. This is a large reversal from recent years when fatal overdoses regularly increased by double digit percentages, the NPR report said.

Dr. Rahul Gupta, Director of National Drug Control Policy, told NPR that he would like to see more funding for addiction treatment and healthcare services, especially in Native American and Black communities where overdose deaths remain high.

“There is no way we’re going to beat this epidemic by not focusing on communities that are often marginalized, underserved and communities of color,” said Gupta.

Stieben is proud of the fact that the effort to produce and deploy the machines was fully supported by CPN. The decorative wrap around the machine was designed in-house by CPN Graphic Designer Trey DeLonais.

“The machines hold 75 boxes per machine and there are two doses per box,” said Stieben. “The one at FireLake Entertainment Center, we will eventually be moving when the new casino is…

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