CIT refinances CO casino resorts.CIT n. 1. A citizen; an inhabitant of a city; a pert townsman; - used contemptuously. Which past endurance sting the tender cit. - Emerson. Group Inc. acted as the sole lead arranger Lead arranger The senior tier of arranger for the re-capitalization of Double Eagle Resorts, Inc. and Gold Creek Ventures, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , wholly-owned subsidiaries of Colorado Casino Resorts. Double Eagle Hotel & Casino is located in Cripple Creek, Colorado The historic City of Cripple Creek is a Statutory City that is the county seat of Teller County, Colorado, United States. Cripple Creek is a former gold mining camp located 44 miles (71 km) and features a 48,000 s/f casino, a 158-room hotel, restaurants and conference center. Financing for the transaction was completed by CIT Communications Media & Entertainment, Gaming, a unit of CIT, which served as sole arranger and advisor on the transaction. Terms of the transaction were not disclosed. "This transaction underscores our commitment to meeting the financing needs of the gaming industry," said Steve Reedy reed·y adj. reed·i·er, reed·i·est 1. Full of reeds. 2. Made of reeds. 3. Resembling a reed, especially in being thin or fragile: , managing director of CIT Communications, Media & Entertainment, Gaming. "Our ability to provide this refinancing has allowed Colorado Casino Resorts to consolidate debt and focus on growing its business. We look forward to expanding upon our current relationship." Michael Smith, president of Colorado Casino Resorts, said, "While we met with other lenders, we chose CIT because of its long-standing track record of providing financing to the gaming industry and their commitment to building long-term relationships with its customers. We are pleased with this refinancing and look forward to growing our relationship with CIT." |
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