- Details
- By Tribal Business News Staff
- Finance
The Mississippi Band of Choctaw Indians closed on $295 million in senior secured credit facilities on Aug. 8, 2025, to refinance debt, fund capital projects, and build a new middle and high school campus.
The financing, led by KeyBanc Capital Markets, consists of a $100 million revolving credit facility, an $85 million term loan, and a $110 million delayed draw term loan, according to a statement from the bank. KeyBanc served as joint lead arranger, joint bookrunner and administrative agent on the deal.
Proceeds will support multiple tribal priorities, including working capital, gaming-related capital expenditures, and construction of the Choctaw Central Middle School and High School Campus. The project, scheduled to open in summer 2026, will feature a two-story academic building with capacity for up to 1,200 students. Plans call for classrooms, administrative offices, a cafeteria, dormitory, library, ADA-compliant facilities, a band hall, a two-level arena, and a 2,000-seat football stadium with a turf field.
This marks the second syndicated financing KeyBanc has led for the tribe, which cited the bank’s experience in the Native American financial services sector and track record in gaming transactions.
The Mississippi Band of Choctaw Indians is the only federally recognized tribe in Mississippi and has more than 11,000 enrolled members. Tribal lands span 35,000 acres across 14 counties and support a diversified portfolio of enterprises, including casinos, hospitality venues, retail, manufacturing, and service businesses.
KeyBanc Capital Markets, a subsidiary of Cleveland-based KeyCorp, provides corporate and investment banking services to clients nationwide. The firm operates a Native American Financial Services team that specializes in financing transactions with tribes, tribally owned enterprises, and Native-led projects.
