CPPIB to extend up to $650 mln in funding to Marina District Finance
CPPIB Credit Investments, the credit investment arm of the Canada Pension Plan Investment Board (CPPIB), has agreed to provide a senior secured term loan of up to US$650 million to Marina District Finance Company Inc. Marina, which is jointly owned by subsidiaries of Boyd Gaming Corp and MGM Resorts International, is the operator of the Borgata Hotel Casino & Spa, an entertainment destination resort in Atlantic City, New Jersey. The resort opened in 2003. Last month, CPPIB agreed to acquire Antares Capital, a mid-market lending platform, from General Electric Co for US$12 billion.
20 July 2015•3 mins read
