The tribe had been operating under forbearance that had been set to expire.It’s tantamount to a default because investors are receiving less than originally promised without adequate offsetting compensation, S&P says It operates the Foxwoods Casino in accordance with the provisions of the Indian Gaming Regulatory Act (hereinafter IGRA), 25 U.S.C.Lenders also agreed to reduce the interest rate margin on the loan.Foxwoods Resort Casino may require such employee to submit to a drug test. The Mashantucket (Western) Pequot Tribe extended the maturity of its $275 million term loan to Dec. The Tribal Courts extensive review of the administrative record may be.Creditors of the Native American tribe that operates the Foxwoods Resort Casino in Connecticut agreed to extend the maturity of its term loan until the end of the year, according to S&P Global Ratings.
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