Date Closed

November 12, 2010

Lead Office

Toronto

Value

535.00 Million CAD

On November 12, 2010, Gateway Casinos & Entertainment Limited, completed the refinancing of its US$535 million term and revolving facilities.  The refinancing included a new senior secured credit agreement providing Gateway Casinos with term and revolving facilities in the aggregate principal amount of C$390 million. The refinancing also included the private placement of C$170 million 8.875% second lien notes due 2017. The credit facilities were agented by a syndicate led by Jefferies Finance LLC that included RBS Securities Inc., J.P. Morgan Securities LLC, Goldman Sachs Lending Partners LLC, Morgan Stanley Senior Funding, Inc. and TD Securities.

McCarthy Tétrault LLP represented The Toronto-Dominion Bank, the administrative agent, with a team led by Richard Higa.