Craig Sosebee, First Vice President of Trustmark National Bank, Chairman of the CRDE Board MBCI Chief Phyliss J. Anderson, and MBCI Secretary-Treasurer Cyrus Ben sign the final documents to the Pearl River Resort’s Refinance Package. The signing ceremony was held Tuesday morning in front of the Tribe’s flagship casino, the Silver Star Hotel and Casino. The deal is for $78 million at a 6% variable rate for the next five years
Craig Sosebee, First Vice President of Trustmark National Bank, Chairman of the CRDE Board MBCI Chief Phyliss J. Anderson, and MBCI Secretary-Treasurer Cyrus Ben sign the final documents to the Pearl River Resort’s Refinance Package. The signing ceremony was held Tuesday morning in front of the Tribe’s flagship casino, the Silver Star Hotel and Casino. The deal is for $78 million at a 6% variable rate for the next five years
Tribal Chief and Chairman of Choctaw Resort Development Enterprise Board Phyliss J. Anderson signed a loan package Tuesday morning that refinances the Mississippi Choctaw's Pearl River Resort in Choctaw and the Bok Homa Casino in Jones County.

The new term loan is for $78 million at a 6 percent variable rate for five years. The administrative agent and lead arranger is Trustmark National Bank headquartered in Jackson.

The CRDE's previous term loan had a maturity date of May 4, 2012, for the Pearl River Resort and similarly a maturity date of May 31, 2012, for the Bok Homa Casino.

"I am very happy we were able to get this deal done early," Chief Anderson said. "I appreciate the hard work of our CRDE board members, Choctaw Tribal Council, our finance, legal and accounting teams as well as our partners Trustmark National Bank.

"Additionally, the other term loan lenders worked together many long hours as a team to get this deal done. We are very satisfied with the terms of this deal. I didn't know if we would be able to get this done in the first 100 days of office but I pushed hard for the benefit of our tribal people. Today, I am happy to say 'It's a new day at Pearl River Resort.' I hope everyone takes time to visit and play with us in beautiful Choctaw, Miss.!"

Craig Sosebee, First Vice President of Trustmark National Bank, commended the Chief.

"I commend Chief Anderson and her team on their professionalism and dedication in getting this package finalized," Sosbee said. "We are proud to be a financial partner with the Mississippi Band of Choctaw Indians and look forward to the continued success of the Pearl River Resort."

Pearl River Resort encompasses the Silver Star Hotel and Casino, the Golden Moon Entertainment Arena and Hotel, Bok Homa Casino, Dancing Rabbit Golf Course and Geyser Falls Water Theme Park.

The resort offers 3,553 slot machines, 67 table games, electronic table games, eight poker tables, two hotel towers with 1,067 rooms, a large-scale events center, two nationally ranked 18-hole golf courses, a top-ranked waterpark, as well as a number of food and beverage options.