April.18.2019
The Native American Finance Officers Association awarded the Estom Yumeka Maidu Tribe of the Enterprise Rancheria in California with the 2019 Large Deal of the Year Award for securing $450 million in Note Financing for the Hard Rock Hotel & Casino Sacramento at Fire Mountain in Yuba County, California. We advised the tribe in the July 2018 offering to fund the construction of the casino.
The transaction marks the culmination of a 17-year effort by tribal leadership to establish a casino. The project is expected to generate $281 million in yearly economic activity and $86 million over 20 years in local community and public funding.
Our team was led by public finance partner Townsend Hyatt and capital markets partner Stephen Ashley, with Lynne Hirata, Noel Pacheco, Maria Bergenhem, Grady Bolding and Thomas Mitchell.