Jamul Indian Village Development Corporation

Overview

Size $425 Million
Senior Secured Credit Facilities
Client & Transactional Partners Jamul Indian Village Development Corporation

Summary

On November 25, 2025, KeyBanc Capital Markets Inc. (KBCM) successfully closed the syndication of $425 million Senior Secured Credit Facilities for Jamul Indian Village Development Corporation (JIVDC), a wholly-owned enterprise of the Jamul Indian Village of California (the Tribe). The Credit Facilities are comprised of a $200 million Revolving Credit Facility and a $225 million Term Loan. Proceeds from the Credit Facilities will be used to refinance existing debt and pay related fees and expenses. 

KBCM acted as Left Lead Arranger, Joint Bookrunner and Administrative Agent on the financing and was awarded Left Lead Arranger due to its long-standing relationship with JIVDC and its expertise in debt capital markets and Native American financial services. Previously in 2023, KBCM led the financing in support of JIVDC’s construction and development of the Jamul Casino’s ~$270 million boutique hotel tower. 

About Jamul Indian Village of California
Jamul Indian Village of California, formally recognized in 1981 as a sovereign Indian nation by the United States Government, is one of the 13 bands of the Kumeyaay Nation and has approximately 75 enrolled members. The Tribe, through JIDVC, owns and operates the Jamul Casino. 

About Jamul Casino
Opened in 2016, the Jamul Casino is in Jamul, California, San Diego County, and is owned and operated by Jamul Indian Village Development Corporation. The award-winning casino features nearly 1,700 slot machines, 52 live table games, a dedicated poker room, and various restaurants, bars, and lounges. In August 2025, JIVDC welcomed guests to the official grand opening of its state-of-the-art boutique hotel tower, marking a new era in Southern California hospitality and transforming the Casino into San Diego’s premier new luxury destination. The 16-story property features 200 rooms, a premium spa with a full-service salon, a rooftop pool with sweeping mountain views, and a signature dining venue.

KeyBanc Capital Markets is a trade name under which the corporate and investment banking products and services of KeyCorp and its subsidiaries, KeyBanc Capital Markets Inc., member FINRA/SIPC (“KBCMI”), and KeyBank National Association ("KeyBank N.A."), are marketed. Securities products and services are offered by KeyBanc Capital Markets Inc. and its licensed securities representatives. Banking products and services are offered by KeyBank N.A.  

Securities products and services: No Bank Guarantee • May Lose Value

Please read our complete KeyBanc Capital Markets disclosure statement.

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