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The Mississippi Band of Choctaw Indians closed on $295 million in senior secured credit score amenities on Aug. 8, 2025, to refinance debt, fund capital tasks, and construct a brand new center and highschool campus.
The financing, led by KeyBanc Capital Markets, consists of a $100 million revolving credit score facility, an $85 million time period mortgage, and a $110 million delayed draw time period mortgage, in line with a press release from the financial institution. KeyBanc served as joint lead arranger, joint bookrunner and administrative agent on the deal.
Proceeds will assist a number of tribal priorities, together with working capital, gaming-related capital expenditures, and building of the Choctaw Central Middle School and High School Campus. The venture, scheduled to open in summer season 2026, will function a two-story tutorial constructing with capability for as much as 1,200 college students. Plans name for lecture rooms, administrative workplaces, a cafeteria, dormitory, library, ADA-compliant amenities, a band corridor, a two-level enviornment, and a 2,000-seat soccer stadium with a turf discipline.
This marks the second syndicated financing KeyBanc has led for the tribe, which cited the financial institution’s expertise within the Native American monetary providers sector and observe report in gaming transactions.
The Mississippi Band of Choctaw Indians is the one federally acknowledged tribe in Mississippi and has greater than 11,000 enrolled members. Tribal lands span 35,000 acres throughout 14 counties and assist a diversified portfolio of enterprises, together with casinos, hospitality venues, retail, manufacturing, and repair companies.
KeyBanc Capital Markets, a subsidiary of Cleveland-based KeyCorp, gives company and funding banking providers to shoppers nationwide. The agency operates a Native American Financial Services staff that focuses on financing transactions with tribes, tribally owned enterprises, and Native-led tasks.
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