Greenbrier Seeks Casino Bridge Deal in $500 Million Refinance as 90 Jobs Risked

1 articles · Updated · West Virginia MetroNews · Aug 13

$500 million in financing is set to close Friday, and The Greenbrier asked West Virginia Lottery for either a temporary agreement or emergency approval to keep its casino open during the ownership-review gap.
The resort said it otherwise must shut the casino to complete the deal, a move that would lay off about 90 employees until approval arrives and halt a revenue source for the state.
Lottery officials said commission action may not come until an Aug. 26 meeting, though Acting Director David Bradley also wrote that the pending transaction does not itself require the casino to close.
The refinancing with Kennedy Lewis would pay off more than $400 million of debt and sits at the center of a federal court fight over control of The Greenbrier, with hearings expected next month.