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Century Casinos Closes $ 27m Credit Agreement
The Vienna-listed casino operator secured a $ 27m loan and intends to refund mortage debt.
Century Casinos Closes $ 27m Credit Agreement / Picture: © Vindobona.org
Century Casinos, Inc. announced that, through its subsidiaries Century Resorts Alberta Inc. and Century Casino Calgary Inc., the company has agreed to the terms of a CAD 28m (approximately $ 27m based on the exchange rate in effect on May 23, 2012) credit agreement with Bank of Montreal ("BMO"). The Company drew $ 4m from the proceeds of the credit agreement and used $ 3m of cash on…
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