Major Las Vegas hotel and casino restructuring

Real estate investment fund

Arnold & Porter LLP represented a real estate investment fund in the acquisition of all of the equity interests in a major Las Vegas hotel and casino pursuant to an assignment-in-lieu of foreclosure settlement of a US$179 million senior mezzanine loan, the restructuring of US$1.23 billion in related mortgage and mezzanine debt, and the origination of US$30 million in new subordinate mortgage financing. The representation in connection with the hotel and casino and related financings is ongoing.

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