Getaway Casinos could tap in private market for $1.8million

In order to reduce its current liabilities and distribute a dividend to its owners, Gateway Casinos in Canada is reportedly considering issuing $1.8 billion in private credit.

To find lenders who might be interested in extending the financing, the casino operator is collaborating with Morgan Stanley. If authorized, the deal would rank among the biggest in Canada's private debt markets this year.

 

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Gateway Casinos in Canada is reportedly exploring the option of issuing $1.8 billion in private credit to decrease its current liabilities and facilitate a dividend distribution to its shareholders. The casino operator is working alongside Morgan Stanley to identify potential lenders interested in providing the financing. If this deal proceeds, it would represent one of the largest transactions in Canada’s private debt market this year, highlighting the company's strategic move to strengthen its financial position while rewarding its owners.