Canada’s Gateway Casinos Seeks $1.3 Billion in Private Debt (1)

One of Canada’s biggest gaming companies is seeking as much as C$1.8 billion ($1.3 billion) of private debt to refinance loans and pay owners a dividend, in what would be one of the country’s biggest such deals this year.

Gateway Casinos & Entertainment Ltd.is working with Morgan Stanley on the outreach to lenders, according to people with knowledge of the matter who asked not to be identified as the talks are private. Conversations are preliminary and details — including the size — of a deal may change, they said.

Gateway is majority owned by Newton Glassman’s Catalyst Capital Group ...