UBS and Merrill Lynch launched syndication last Tuesday of a $230 million credit facility for Gulfside Casino Partnership. The deal includes a $185 million, six-year term loan priced at Libor plus 325 bps and a $45 million, five-year revolver priced at Libor plus 275 bps.
Proceeds from the deal will refinance Gulfside's existing debt as well as support the refurbishment and redevelopment of Mississippi's Grand Casino Gulfport, a casino that Gulfside purchased from Harrah's Entertainment in …
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