The Ho-Chunk Nation of Wisconsin has obtained $610 million in senior secured credit facilities to finance a new casino resort in Beloit, near the Illinois border.
KeyBanc Capital Markets served as the left lead arranger, joint bookrunner and administrative agent. The financing closed on September 26 and will support the $705 million project, including development costs and related expenses.
Key takeaways:
- The Ho-Chunk Nation secures $610 million in financing for a new casino resort in Beloit.
- Construction begins with the casino opening in 2026 and hotels opening in 2027.
- Project aims to create jobs and expand the Nation’s gaming operations.
Financing and Project Scope for the Casino Resort in Beloit…