Like many other casinos that are looking for debt restructuring, the tribes are also looking at several ideas for the one that will suite then best; however, up till now there is no clear cut idea about how they are likely to progress with their restructuring. 

It is expected that the restructuring would be planned in a way that it is mutually beneficial to both the lenders and the Foxwoods. Perhaps, the casino might consider paying the lenders that little extra for the extra time that they might require to repay their debts.

The company is clear headed about being in line with their lenders.  In a statement by the spokesperson for the Mashantucket Western Pequot Tribal Nation it has been stressed that “The tribe will be pursuing a mutually beneficial resolution with its banks and bondholders.”

Under difficult circumstances the tribes are unwilling to work in a way that will be harmful to their lenders.  It is expected that they are going to work in finding a way that will work for all.

The casino management has hired New York Investment Firm, Miller Buckfire & Co and Weil Gotshal & Manges LLC, a legal company to help them with their debt restructuring.

It is quite clear that the lenders being left unpaid is totally out of question from the current ongoing talk.  Notably, there were contradictory opinions in the past of lenders being left unpaid.