Poydras Gaming Finance Corp. announced that it has closed a one-stop financing arrangement with Prudential Capital Group consisting of senior and subordinated debt in the amount of $41.0 million. The new debt facility can be broken down as follows: Note purchase and revolving credit agreement dated December 28, 2017 between the Company and its subsidiaries (the "Transaction Parties") and Prudential, consisting of $27.0 million as follows: a $5,000,000 senior secured revolving credit facility; a $4,000,000 delayed draw capital expenditure facility; and $18,000,000 senior secured notes (the "Term Notes", and together with the Revolving Loan and Capex Note, the "Senior Loans") Note purchase agreement dated December 28, 2017 between the Transaction Parties and Prudential, whereby the Company will issue $14,000,000 in senior subordinated notes. The Senior Loans are secured against all or substantially all of the assets of the Company, and any used portions will be priced at LIBOR plus 550 basis points ("bps"). Should any of the Revolving Loan or Capex Note remain undrawn, then the price will be reduced to 50bps on the unused portion. The Senior Loans will have a five year term and mature on December 28, 2022, with no mandatory amortization on the Revolving Loan and Capex Notes. The Subordinated Notes will bear interest at 14.0% (12.0% cash interest, 2% "payment in kind"), require no principal amortization, and mature on December 28, 2023. In total, Prudential is providing $41,000,000 in committed capital to the Company with $32,000,000 funded at close. Additionally, in connection with the Subordinated Notes, Prudential will receive a pre-emptive right to purchase up to 5% of any future equity issuance at the same terms offered to other investors in the issuance.