![]() ![]() The tribe had been operating under forbearance that had been set to expire.It’s tantamount to a default because investors are receiving less than originally promised without adequate offsetting compensation, S&P says.Lenders also agreed to reduce the interest rate margin on the loan.The Mashantucket (Western) Pequot Tribe extended the maturity of its $275 million term loan to Dec. ![]() Creditors of the Native American tribe that operates the Foxwoods Resort Casino in Connecticut agreed to extend the maturity of its term loan until the end of the year, according to S&P Global Ratings. ![]()
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