(February 13, 2024) — BOK Financial’s Loan Syndications and Native American Financial Services teams recently closed a $500 million credit facility for Muscogee Nation Gaming Enterprises – MNGE, the gaming and business arm of the Muscogee Creek Nation, a long-time client of the company.
“This transaction will assist Muscogee Nation Gaming Enterprises in achieving its goals and allow the already successful entity to be strategic and position itself for its next chapter,” said Sarah Alexander, Senior Vice President with BOK Financial’s Native American Financial Services team. “We were excited to arrange this credit facility despite a challenging marketplace.”
The syndication will help the Nation finance their gaming enterprise, as well as fund improvements to casino facilities and various satellite properties owned by the tribe. The line of credit will also allow for development and opportunistic acquisitions, complementing their existing portfolio.
“Muscogee Nation Gaming Enterprises is very appreciative of the efforts and success of BOK Financial Loan Syndication and Native American Financial Services teams in closing our recent $500 million credit facility in a very challenging environment,” said Pat Crofts, Chief Executive Officer of Muscogee Nation Gaming Enterprises. “This credit facility provides capital for future growth, enhancements to current properties as well as re-financing existing debt. Closing this transaction was a major milestone for MNGE.”
“This syndication was an all-hands approach for a great customer of BOKF’s, and we are very proud of what we accomplished for the client,” said Christopher Ralph, Senior Vice President with BOK Financial’s Loan Syndication team.
BOK Financial Corporation is a $50 billion regional financial services company headquartered in Tulsa, Oklahoma with $105 billion in assets under management or administration. The company’s stock is publicly traded on NASDAQ under the Global Select market listings (BOKF). BOK Financial Corporation’s holdings include BOKF, NA; BOK Financial Securities, Inc., and BOK Financial Private Wealth, Inc. BOKF, NA’s holdings include TransFund, and Cavanal Hill Investment Management, Inc. BOKF, NA operates banking divisions across eight states as: Bank of Albuquerque; Bank of Oklahoma; Bank of Texas; and BOK Financial in Arizona, Arkansas, Colorado, Kansas and Missouri; as well as having limited purpose offices in Nebraska, Wisconsin, Connecticut and Tennessee. Through its subsidiaries, BOK Financial Corporation provides commercial and consumer banking, brokerage trading, investment, trust services, mortgage origination and servicing, and an electronic funds transfer network. For more information, visit www.bokf.com.