Seneca Gaming Corporation

Overview

Deal Type Debt Capital Markets
Size $100 million
Senior Secured Credit Facility
Client & Transactional Partners Seneca Gaming Corporation
Our Role Lead Arranger
Bookrunner
Administrative Agent

Summary

On November 29, 2022, KeyBanc Capital Markets successfully closed a $100 million Senior Secured Revolving Credit Facility for Seneca Gaming Corporation, who owns and operators three gaming facilities. The Revolver will be used to refinance and replace the existing revolving credit facility and to fund ongoing working capital needs.

Seneca selected KBCM as Lead Arranger, Bookrunner and Administrative Agent as a result of its long-standing relationship with KeyBank’s Native American Financial Services team.

The combined gaming operation includes approximately 270,000 square feet of Class III gaming space, approximately 5,300 slot machines and 125 table games. The casino properties include two luxury hotels with over 1,000 rooms, full-service luxury spas, salons, and fitness center; retail stores, and multipurpose event centers that host some of the most popular entertainers in the country. SGC also operates Seneca Hickory Stick Golf Course, an 18-hole championship golf course in Lewiston, New York, designed by Robert Trent Jones II.

About Seneca Nation of Indians:

The Seneca Nation of Indians has a proud and rich history. The Seneca Nation is the largest of six Native American nations in New York State and has a population of over 8,000 enrolled members. Seneca Nation is the fifth largest employer in Western New York, creating thousands of new jobs and investing hundreds of millions of dollars to bolster the region’s and New York State’s economy.

About Seneca Gaming Corporation:

Formed on August 1, 2002, Seneca Gaming Corporation (SGC) is a wholly owned, tribally chartered corporation of the Seneca Nation of Indians. SGC currently operates three Class III gaming facilities in Western New York, including Seneca Niagara Resort & Casino in Niagara Falls, New York; Seneca Allegany Resort & Casino in Salamanca, New York; and Seneca Buffalo Creek Casino in Buffalo, New York.

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