Mohegan Sun receives $50 million commitment from Fundamental Advisors

By Lisa Kerner

Charlotte, N.C., Jan. 27 - Mohegan Sun at Pocono Downs secured $50 million of senior loan financing from Fundamental Advisors, LP.

The financing will be used for a hotel development project attached to Mohegan Sun's hotel that opened earlier in January, according to a company news release.

"Fundamental has been a dedicated partner for many years and this project represents a culmination of our strong ongoing relationship," said Mitchell Grossinger Etess, chief executive officer of Mohegan Tribal Gaming Authority, an instrumentality of the Mohegan Tribe of Indians of Connecticut.

New York-based Fundamental Advisors is an alternative asset manager dedicated to the municipal markets.

Mohegan Tribal Gaming is an Uncasville, Conn., operator of gaming and entertainment enterprises.

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