Catalyst-backed Gateway to secure financing from lenders

Canadian gaming company Gateway Casinos & Entertainment Ltd is planning on inking an agreement to raise a new senior secured credit facility from a syndicate of lenders. Included in the financing will be a $305 million first lien secured term loan facility and an up to C$150 million senior secured revolving facility with a sublimit of $25 million. The capital will be used to refinance the company's remaining senior debt. Gateway Casinos is backed by Catalyst Capital.

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