Cases & Deals

Twin River Worldwide Holdings obtains additional $275 million term loan

Clients Twin River Worldwide Holdings, Inc.

Jones Day advised Twin River Worldwide Holdings, Inc. in connection with a $275 million incremental term B loan facility incurred pursuant to Twin River's existing credit facility. The term loan financing satisfied the financing condition in Twin River's agreement to purchase Eldorado Shreveport Resort and Casino and MontBleu Resort Casino & Spa from Eldorado Resorts, Inc.

Twin River Worldwide Holdings, Inc. owns and manages seven casinos, two in Rhode Island, one in Mississippi, one in Delaware, and three casinos as well as a horse racetrack that has 13 authorized OTB licenses in Colorado. Properties include Twin River Casino Hotel (Lincoln, RI), Tiverton Casino Hotel (Tiverton, RI), Hard Rock Hotel & Casino (Biloxi, MS), Dover Downs Hotel & Casino (Dover, DE), Golden Gates Casino (Black Hawk, CO), Golden Gulch Casino (Black Hawk, CO), Mardi Gras Casino (Black Hawk, CO), and Arapahoe Park racetrack (Aurora, CO). Its casinos range in size from 695 slots and 17 table games combined for its Colorado facilities to properties with over 4,100 slots, approximately 125 table games, and 48 stadium gaming positions, along.