PPE Casino Resorts Maryland, LLC
|Deal Type||Debt Capital Markets|
Senior Secured Credit Facilities
|Client & Transactional Partners||PPE Casino Resorts Maryland, LLC|
On March 26, 2021, KeyBanc Capital Markets (“KBCM") successfully closed an amendment and extension to $450 million of Senior Secured Credit Facilities for PPE Casino Resorts Maryland, LLC, doing business as Live! Casino and Hotel Maryland (“Live!” or the “Company”). The Credit Facilities are comprised of a $125 million Revolver and a $325 million Term Loan Facility. KBCM acted as Joint Lead Arranger, Joint Bookrunner and Administrative Agent on the transaction. KBCM was successful in extending the maturity by 18-months to May 2025 while removing COVID-related restrictions.