Chukchansi Economic Development Authority Exploring Refinancing Options.COARSEGOLD, Calif. -- The Chukchansi Economic Development Authority (CEDA CEDA Cross Examination Debate Association CEDA Cross-Environment Data Access (SAS) CEDA Community Economic Development Association CEDA Centre for Economic Development and Administration (Nepal) ) has begun exploring refinancing Refinancing An extension and/or increase in amount of existing debt. alternatives for more than $200 million in outstanding debt, marking an important step in the Tribe's progress towards self-reliance and financial autonomy. The recent settlement between CEDA and its former casino manager, Cascade Entertainment Group, has opened the possibility for CEDA to repurchase its outstanding subordinated PIK PIK See: Payment-in-kind bond PIK See payment-in-kind security (PIK). notes, and more than 85 percent of its senior subordinated PIK notes. Many of these PIK notes are held by affiliates of Cascade. The repurchase of the PIK notes is conditioned on CEDA refinancing its outstanding debt by December 30, 2005, including 14.5% senior notes that come due in 2009 and outstanding equipment notes. "As the Tribe moves forward with its financial future and begins examining refinancing possibilities, our goal remains the same: to continue to grow our business and thrive as an independent body," said Joyce Burel, Tribal Chairperson of the Picayune Picayune (pĭkəy  n`), city (1990 pop. 10,633), Pearl River co., S Miss., near the Pearl River and the La. line; inc. 1904. Rancheria rancheria (ränchā`rēä), type of communal settlement formerly characteristic of the Yaqui Indians of Sonora, Mexico, and of various small Native American groups of the SW United States, especially in California. of Chukchansi Indians. "We have made tremendous strides in financial independence, and this step is an important part of our future."
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