The Las Vegas Monorail Company says it has secured a new loan to pay off $10 million in bonds and interest due Monday.
A spokeswoman for the company told the Las Vegas Review-Journal that the new deal will also cover an additional $3 million in monorail bonds set to mature in 2055.
She did not divulge the loan’s exact amount, its interest rate or its financier.
Sponsor Message
The Monorail Company is still working to obtain financing to extend its track to Mandalay Bay and the MSG Sphere at the Venetian.
The planned extension to Mandalay Bay has been delayed several times.
The company filed for bankruptcy in 2010 after ticket sales fell well below official projections.