October 26, 2016 Comments Off on New Casino Secures $460M Refi Views: 431 California News, San Diego, West

New Casino Secures $460M Refi

The recently-completed Hollywood Casino Jamul-San Diego was refinanced by the Jamul Indian Village Development Corporation (JIVDC) for $460 million. Proceeds will be used to refinance the debt associated with the development of the casino, retire tribal debt and for working capital.

Goldman Sachs Banks USA and Fifth Third Bank acted as joint lead arrangers and joint book runners. The loans will be held by commercial banks, an affiliate of Och-Ziff Real Estate, and an affiliate of Penn National Gaming Inc.

Jamul Indian Village owns the land and partnered with Penn National Gaming Inc. to develop the 200,000-square-foot facility. The 3-story casino, 20 minutes east of San Diego, includes 1,700 slots, 43 live games and eight dining and entertainment venues.

Read More at Business Wire

Connect with Hollywood Casino Jamul-San Diego

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