Revel Entertainment Group to launch new credit facility on Thursday

By Sara Rosenberg

New York, Nov. 3 - Revel Entertainment Group LLC is set to launch a new credit facility on Thursday, according to a market source.

JPMorgan is the lead bank on the deal.

Chatter is that the deal will be comprised of an $800 million first-lien loan and a $472 million second-lien loan, the source said.

Proceeds will be used to help fund the construction of a casino and hotel in Atlantic City, N.J.

Revel Entertainment is a gaming and entertainment company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.