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Trump Entertainment To Miss Interest Payment

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MarketWatch   |   11/30/08

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Read More: Donald Trump Finances, Donald Trump Interest, Trump Entertainment, Trump Entertainment Interest, Trump Interest Payment, Business News

From MarketWatch:

Facing tough competition and sliding revenue amid the economic meltdown, Trump Entertainment Resorts will have to skip a $53.1 million interest payment scheduled for Monday on its 8.5% senior secured notes due 2015 in order to maintain sufficient liquidity.

The Atlantic City, N.J., casino operator, with about $1.25 billion worth of the notes outstanding, said late Friday that it has a 30-day grace period to pay up and will meanwhile seek talks with its lenders to revamp its capital structure and improve its liquidity.

Read the whole story from MarketWatch

Facing tough competition and sliding revenue amid the economic meltdown, Trump Entertainment Resorts will have to skip a $53.1 million interest payment scheduled for Monday on its 8.5% senior secured ...
Facing tough competition and sliding revenue amid the economic meltdown, Trump Entertainment Resorts will have to skip a $53.1 million interest payment scheduled for Monday on its 8.5% senior secured ...
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- taceva I'm a Fan of taceva permalink

Damn,if I miss one car payment the repo man comes calling

    Favorite    Flag as abusive Posted 06:37 PM on 11/30/2008
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