MTR Gaming Group Repays $11.5 Million of Debt; Enters into Credit Agreement

MTR Gaming Group, Inc.

announced today that it has repaid the total amount of $10.0 million outstanding under its credit agreement with Aladdin Credit Advisors, L.P., as administrative agent, which provides for a $20.0 million senior secured delayed-draw term loan credit facility. In connection with the repayment, the Company executed an amendment to the credit agreement which, among other things, permits the re-borrowing of the $10.0 million that was repaid, establishes minimum future borrowing amounts and increases prepayment premiums. Additionally, the Company prepaid approximately $1.5 million of borrowings outstanding under other debt arrangements. After the pay-downs, the Company's total outstanding debt is $377.8 million, net of discounts.