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Trump Entertainment To Miss Interest Payment

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First Posted: 11-30-08 04:40 PM   |   Updated: 12-31-08 05:12 AM

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