Revel announces $150 million financing - NBC40.net

Revel announces $150 million financing

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ATLANTIC CITY -

Revel announced an amendment Thursday to its existing financing deal with JP Morgan Chase Bank that will add a total of $125 million in loans, and $25 million in existing credit.

In a release, Revel Chairman and CEO Kevin DeSanctis says the money will go towards building new gaming, food and beverage and entertainment amenities.  He hopes the changes will enhance customer experience.

Plans call for a new high limit slot ultra-lounge, expanded players club, and expanded food options.

The release also says that some of the new loan money was used to reduce existing outstanding amounts under the current credit agreement.

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