The Tule River Tribe Gaming Authority closed on $350 million in senior secured credit facilities this spring to refinance debt and fund expansion of the Tribe’s Eagle Mountain Casino in Porterville, Calif.
The financing, completed June 27, 2025, includes a $100 million revolving credit facility, a $100 million term loan, and a $150 million delayed draw term loan, according to a statement from KeyBanc Capital Markets. KeyBanc served as left lead arranger, joint bookrunner, and administrative agent.
The funds will support construction of the casino’s estimated $280 million expansion project. The upgrade will transform Eagle Mountain into a destination resort with a 193-room hotel, conference and meeting space, pool, spa, lazy river, and other amenities.
