The Mohegan Tribal Gaming Authority, which operates Mohegan Sun and another casino in Pennsylvania, said it plans to offer $85 million in notes to refund similar debt coming due in 2018.
The new notes, due in 2021, will have an interest rate of 9.75 percent. The notes being redeemed carry 11 percent interest.
MTGA said only institutional buyers and certain other qualified buyers are permitted to purchase the debt instruments.