We are extremely honored and grateful for the partnership.” “The management team and the JIVDC’s disciplined approach made the 2022 final global refinance a reality. “Western Alliance Bank, together with a syndicate of lenders, were able to assist Jamul Casino with the first phase of its refinance in 2021, despite the sizable difficulties brought about by the pandemic,” said Ashan Perera, managing director, Western Alliance Gaming. “We are thankful for the partnership with Western Alliance Bank and appreciate their approach, flexibility and collaboration despite the challenges we faced last year during the COVID pandemic,” Chairwoman Pinto added. The terms of this refinancing will allow us to pay off our debt quickly and focus on our long-term financial stability and new projects that will continue to provide benefits for the Tribe,” said JIVDC and Tribal Chairwoman Erica M.

In only five short years, the Casino’s outstanding performance has allowed us to refinance all of our pre-development debt and set ourselves up for continued reinvestment and future success. “As a greenfield project, we were initially unable to obtain low-interest financing in the bank market. With this refinance, the JIVDC was able to pay off the entirety of its high interest rate loan with funds from the refinance and significantly reduce the interest rate on its debt, dramatically improving the financial future of the Jamul Indian Village.

JIVDC was able to retire all of its high interest pre-development debt and consolidate its financing in a single low interest loan. Bank, Nevada State Bank, KeyBank, First-Citizens Bank & Trust Co., and Columbia State Bank. JAMUL, Calif., March 3, 2022 /PRNewswire/ - On February 10, 2022, the Jamul Indian Village Development Corporation (JIVDC), owner and operator of Jamul Casino ®, closed on a refinance with a syndicate of commercial banks led by Western Alliance Bank. The other lenders were U.S.

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