Indian tribe
that owns Mohegan Sun has upped its credit facility to $1 billion, more than doubling its current $450 million float as it begins financing major expansions at its casino in Uncasville and horse racing track in Pennsylvania. A syndicate of 23 financial institutions, including Bank of America, Citizens Bank of Connecticut, TD Banknorth and People’s Bank, helped arrange the facility, which could jump to as much as $1.25 billion if the participating banks request it
