Cowlitz Tribal Gaming Authority
|Deal Type||Debt Capital Markets|
Senior Secured Credit Facilities
|Client & Transactional Partners||Cowlitz Tribal Gaming Authority||Our Role||
Left Lead Arranger
On December 4, 2018, KeyBanc Capital Markets (“KBCM”) successfully closed the syndication on $625 million of Senior Secured Credit Facilities (the “Credit Facilities”) for Cowlitz Tribal Gaming Authority (“CTGA”), an instrumentality of the Cowlitz Indian Tribe (the “Tribe”). The Credit Facilities consist of a $150.0 million revolving credit facility and a $475.0 million senior secured term loan that will be used to refinance existing indebtedness, general corporate purposes and pay related fees and expenses. KBCM provided CTGA with structural flexibility to finance future expansion projects. KBCM was selected as Left Lead Arranger, Joint Bookrunner & Administrative Agent on the transaction.