LEDYARD, CT-The owner of the Foxwoods Resorts Casino here, the Mashantucket Pequot Tribal Nation, reports it has struck an agreement to restructure approximately $2.3 billion in debt with more than 100 creditors.

Tribe Chief Executive Scott Butera reports that the tribe will also, beginning today, report quarterly earnings and hold investor and analyst meetings, according to the Associated Press. The new reporting policies are an attempt by the tribe to regain Wall Street's confidence.

Butera says the restructuring will cut the tribe's total debt to approximately $1.7 billion and will also extend due dates on loans and bonds.

"The fact that we're going to be seeing SEC-equivalent financials produced by the tribe will give people comfort with the credit," says Rayan Joshi, an analyst at New York-based investment firm Hawkeye Capital Management LLC, which is one of the Foxwoods's creditors.

About $550 million in Foxwoods debt under a loan and credit line will be split into two new loans with maturities of five and seven years, respectively, according to Soren Reynertson, managing general partner at GLC Advisors & Co., who represented more than half of the creditors. See story in the Wall Street Journal.