PCI Gaming Authority's $185 Million Secured Term Loan Rated 'BB-' - S&P Global Ratings’ Credit Research

PCI Gaming Authority's $185 Million Secured Term Loan Rated 'BB-'

PCI Gaming Authority's $185 Million Secured Term Loan Rated 'BB-' - S&P Global Ratings’ Credit Research
PCI Gaming Authority's $185 Million Secured Term Loan Rated 'BB-'
Published Nov 30, 2007
641 words — Published Nov 30, 2007
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Abstract:

NEW YORK (Standard&Poor's) Nov. 30, 2007-- Standard&Poor's Ratings Services today assigned its 'BB-' issuer credit rating to PCI Gaming Authority (PCI). The rating outlook is stable. PCI is an unincorporated instrumentality of the Alabama-based Poarch Band of Creek Indians ("the tribe"). At the same time, Standard&Poor's assigned its 'BB-' rating to PCI's $185 million senior secured multi-draw term loan. The facility will be guaranteed by Creek Indian Enterprises Development Authority (CIE), a political subdivision of the tribe that owns the Tallapoosa Entertainment Center (TEC). Proceeds from the issue, along with cash flows from existing properties, will be used to help fund the development and construction of the Wind Creek Atmore Casino and Hotel, which

  
Brief Excerpt:

RESEARCH PCI Gaming Authority's $185 Million Secured Term Loan Rated '##-' Publication date: 30-Nov-2007 Primary Credit Analyst: Melissa Long, New York (1) 212-438-3886; melissa_long@standardandpoors.com Secondary Credit Analyst:...

  
Report Type:

Ratings Action

Issuer
GICS
Casinos & Gaming (25301010)
Sector
Global Issuers
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MLA:
S&P Global Ratings’ Credit Research. "PCI Gaming Authority's $185 Million Secured Term Loan Rated 'BB-'" Nov 30, 2007. Alacra Store. May 02, 2025. <http://www.alacrastore.com/s-and-p-credit-research/PCI-Gaming-Authority-s-185-Million-Secured-Term-Loan-Rated-BB-616500>
  
APA:
S&P Global Ratings’ Credit Research. (). PCI Gaming Authority's $185 Million Secured Term Loan Rated 'BB-' Nov 30, 2007. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/PCI-Gaming-Authority-s-185-Million-Secured-Term-Loan-Rated-BB-616500>
  
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