One Toronto Gaming to sell $400 million notes as part of refinancing

By Paul A. Harris

Portland, Ore., July 11 – One Toronto Gaming plans to sell $400 million of senior secured notes, according to a sellside source.

The Toronto-based gaming, entertainment and hospitality company is concurrently in the leverage markets with an $800 million term loan B set to kick off on a Tuesday lender call via left lead Barclays.

Proceeds will be used to refinance the company’s capital structure and for general corporate purposes.

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