Catalyst's Gateway to raise new financing from lenders
Vancouver-based gaming company Gateway Casinos & Entertainment Ltd plans to raise a new senior secured credit facility from a syndicate of lenders. Included in the financing will be a US$305 million first-lien secured term loan facility and an up to $150 million senior secured revolving facility with a sub-limit of US$25 million. The 2018 facility will be used to refinance the company’s senior debt. In conjunction with this transaction, Gateway, a portfolio company of Canadian private equity firm Catalyst Capital Group, agreed to a sale-and-leaseback deal involving three casino properties.
26 February 2018•6 mins read
