Tribal Leader of the Year Award
NAFOA presented Rodney A. Butler, Chairman of the Mashantucket (Western) Pequot Tribal Nation, with its prestigious Tribal Leader of the Year Award. Chairman Butler’s service on the Mashantucket (Western) Pequot Tribal Council began in 2004, and one year later, he was appointed to the position of Tribal Council Treasurer. During his tenure on Tribal Council, he also chaired the Tribe’s Housing and Judicial Committees. Prior to his service on Tribal Council, Mr. Butler worked as a financial analyst at Foxwoods Resort Casino. He later became Chairman of the Tribal Business Advisory Board, an executive body responsible for overseeing the Tribe’s non-gaming businesses and commercial properties. Chairman Butler earned his bachelor’s degree in finance from the University of Connecticut, where he played Defensive Back for the UCONN Huskies’ football team. He has served as Chairman of the Mashantucket (Western) Pequot Tribal Nation since January 2010.
Deal of the Year Award
The NAFOA Deal of the Year Award celebrates the most impressive transactions in capital raising, mergers and acquisitions, infrastructure and project finance, loans, restructurings, and equities in Indian Country. NAFOA honored the Saint Regis Mohawk Tribe with its Deal of the Year Award for refinancing outstanding taxable debt as a tax-exempt debt using the Tribal Economic Development Bonds or TED bonds program. The restructuring has resulted in an interest rate that is approximately 51% lower than the existing rate under the original deal. This landmark transaction will free up cashflow that will allow the tribe to invest in other economic development opportunities.