Kien Huat Realty in Foxwoods Debt Restructuring

July 8, 2013

Cleary Gottlieb was counsel to Kien Huat Realty as lender in restructuring $2.3 billion in debt obligations secured by the Foxwoods Resort Casino, owned by the Mashantucket Western Pequot Tribal Nation, concluding a four-year restructuring that involved five different financings of varying seniority. The firm has represented Kien Huat since its 1990 construction financing of Foxwoods, one of the first Native American gaming casinos in the United States and currently the largest casino resort in North America.