Practice Areas - Restructuring and Insolvency Law Firms and Lawyers
| Deal Date: | 16-12-2014 | Practice Area: | Restructuring and Insolvency |
| Deal Title: | Pueblo of Pojoaque - Buffalo Thunder Resort and Casino Debt Restructuring | Industry: | Travel & Leisure |
| Description: |
Milbank assisted in the USD80M debt restructuring of the Pueblo of Pojoaque's Buffalo Thunder Resort and Casino development project. Milbank represented the ad hoc committee of noteholders, Buffalo Thunder, Inc., in the restructuring of the original USD240 million borrowed to build the Santa Fe based casino.
Unlike a corporate restructuring, the Pueblo of Pojoaque is part of a sovereign entity that falls under the Indian Gaming Regulatory Act. The debt holders were not entitled to liens on collateral or operations, so this restructuring agreement was unique to the Indian gaming industry.
The Milbank team representing the Ad Hoc Committee was led by partner Brett Goldblatt (Corporate and Private Equity, LA); and included Russell Kestenbaum (Tax Partner, NY); Andrew Walker (Tax Partner, NY); Grace Darnsteadt (Corporate Associate, LA); Brian Stern (Corporate Associate, LA); and Mark Vible (Corporate Associate, LA).
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| Financial Center: | Los Angeles | Value: | 100.01-500.00 |
| Advised Party: | Creditors | Law Firm | Milbank |
| United States | United States | ||
| Classification: |
Debt Restructuring |
Lawyer | Brett Goldblatt |
