Mashantucket Pequot extends exchange offer for notes to April 24

New York, April 10 - The Mashantucket Pequot Tribal Nation announced the extension of its exchange offer and consent solicitation for all its outstanding notes.

The expiration date is now 5 p.m. ET on April 24, pushed back from April 10, March 27 and, before that, March 13.

As of 5 p.m. ET on April 10, holders had tendered all $477,900,000 of the nation's special revenue obligation bonds, $365,950,000, or 99.97%, of the nation's subordinated special revenue obligation bonds, and $463,164,000, or 92.63%, of the nation's 8½% notes. All the totals were unchanged from March 13.

Apart from the expiration, the terms of the exchange remain unchanged.

In order to complete the exchange, Mashantucket Pequot said that it requires various conditions to be met. One condition, receipt of a declination letter from the National Indian Gaming Commission, was met on April 5.

The exchange began on Feb. 13 as part of a debt restructuring support agreement.

Epiq Systems is the exchange and information agent.

Mashantucket Pequot owns the Foxwoods Resort Casino and is based in Mashantucket, Conn. The Mashantucket Pequots are a native Algonquin people in southeastern Connecticut.

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