Mashantucket Pequot Tribal Nation Announces Exchange Offers for All Outstanding Series of Notes

MASHANTUCKET, Conn.--(BUSINESS WIRE)--The Mashantucket Pequot Tribal Nation (“MPTN”), owner of Foxwoods Resort Casino^®, today announced that it has commenced exchange offers for all of its outstanding series of notes in association with its previously disclosed debt restructuring support agreement and related consent solicitations.

“The offer to exchange our outstanding notes represents another key step toward completing the restructuring of our indebtedness”

The exchange offers, which are being offered and issued only to “accredited investors” as defined under Rule 501(a) of Regulation D of the Securities Act of 1933, as amended, require the satisfaction or waiver of certain conditions, including minimum participation levels. The exchange offers are expected to expire on or about March 13, 2013.

The notes being offered will not be registered under the Securities Act of 1933, as amended, or any other applicable securities laws. Unless so registered, the notes may not be offered, sold, pledged or otherwise transferred within the United States or to or for the account of any U.S. person, except pursuant to an exemption from the registration requirements thereof.

The exchange offers are being made only by, and pursuant to, the terms set forth in the offer to exchange and related letter of transmittal and consent.

“The offer to exchange our outstanding notes represents another key step toward completing the restructuring of our indebtedness,” said Foxwoods President and CEO Scott C. Butera, “and it is gratifying to have achieved the levels of support necessary to advance our balance sheet reorganization.”

About the Mashantucket Pequot Tribal Nation

The Mashantucket Pequots are a native Algonquin people in southeastern Connecticut who endured centuries of conflict and survive today on the oldest continuously occupied reservation in the U.S., dating to its establishment in 1666. As the first native people within the borders of the continental United States to suffer attempted genocidal massacre by Puritan Colonists in 1637, the Pequots and their repatriation is an unprecedented story of restoration exhibited in detail at MPTN’s world-class Museum and Research Center (www.pequotmuseum.org).

Disclaimer

This press release does not constitute an offer to sell or buy, or a solicitation of an offer to sell or buy, any security. No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful.

Cautionary Statement Regarding Forward-Looking Information

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts are statements that could be deemed forward-looking statements. These statements are based on current expectations, beliefs, estimates, forecasts, projections and management assumptions. Readers are cautioned that these forward-looking statements are only predictions and are subject to risks and uncertainties that are difficult to predict. All forward-looking statements should be evaluated with an understanding of their inherent uncertainty. We caution you not to place undue reliance on forward-looking statements, which speak only as of the date they were made. MPTN does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date of this press release except as required by law. All forward-looking statements attributable to MPTN or persons acting on MPTN behalf are expressly qualified in their entirety by this cautionary statement.