River Cree Enterprises Limited Partnership (“RCELP”), is pleased to announce the closing of new senior credit facilities in an aggregate amount of C$176 million and C$100 million of 10.0% Senior Second Lien Secured Notes.
Origin Merchant Partners was retained to advise RCELP in connection with refinancing its outstanding senior secured credit facilities and 11.0% senior second lien secured notes. Origin Merchant Partners acted as exclusive financial advisor to RCELP with respect to the refinancing.
Origin Merchant Securities Inc. acted as Co-Manager in connection with RCELP’s issuance of 10.0% Senior Second Lien Secured Notes.
River Cree Enterprises Limited Partnership owns the River Cree Resort and Casino, Alberta’s leading casino, hotel and sports and entertainment complex located on the Enoch Cree Nation Reserve bordering Edmonton. The River Cree Resort and Casino has the most slots of any casino in the greater Edmonton area and has the largest hotel, largest convention space and largest entertainment space of any resort-style casino in Alberta.