will end the year with leverage of 4.2x and coverage of 4.0x. Factoring non restricted cash of $89 million, we estimate net leverage at 4.0x. For FY'19, we are projecting Mohegan will generate Adjusted EBITDA of $290 million (-22.5% versus $375 million) on revenues of $1.20 billion (-13.5% versus $

ACV with y/y growth 2 EFTA_R1_01790609 EFTA02602272 • Management's financial forecast for the n=xt 18 months. Please note that we believe the FY'19 forecast (=we've months ending Jan 31, 2019) will likely come in around $17-18MM in a base case compared to $20.8MM in management's model being more