The Mashantucket Pequot Tribal Nation (MPTN) is realigning its long-term debt as it braces for the opening of MGM Springfield in late 2018.

Hartford Business reported that the MPTN, which owns the Mashantucket Pequot Gaming Enterprise, has secured the clearance to extend the repayment of its long-term debt to June 30, 2020 and its forbearance agreement with senior lenders to June 30, 2019.

“With the reality of competition expanding throughout the Northeast, Foxwoods continues to add a variety of non-gaming and family-friendly offerings in preparation for the imminent changes to come,” MPTN Chairman Rodney Butler said, according to the report. “By realigning our Term A obligations and extending our forbearance agreement, we can better ensure that our ongoing plans will be compatible with long-term profitability.”

This is welcome news for the tribe, which is currently preparing for a showdown with MGM Resort International. MGM is expected to open the doors of its $960 million hotel and resort casino in Springfield, Massachusetts, in the fall of 2018.