MML Capital Partners exits Yonkers Racing Corporation
MML Capital Partners (“MML”) has exited its mezzanine investment in Yonkers Racing Corporation (“YRC” or the “Company”). MML’s exit was achieved via a refinancing through a public high yield offering.
MML Capital Partners leads a $75m mezzanine financing for Yonkers Racing Corporation
MML Capital Partners (“MML”) announces today that it has led a $75.0 million mezzanine investment in Yonkers Racing Corporation (“Yonkers Raceway” or the “Company”). New York Life Capital Partners (“NYLCAP”), an affiliate of New York Life Insurance Company which is a limited partner in MMLs current fund, co-invested through its mezzanine fund in the transaction.
