Trump Gets Three-Week Debt Extension
Trump Entertainment Resorts struck a deal with lenders and note holders and now has until January 21 to try negotiating a restructuring of its debt, according to a regulatory filing from the firm this week. Trump had delayed paying a $53.1 million bond interest payment that was due December 1, and the 30-day grace period expired Wednesday. The Atlantic City, N.J.-based firm had hoped to reach a deal to restructure $1.25 billion in bond debt during that period. Trump Entertainment currently owns three casinos in Atlantic City, N.J., but hopes to sell one-the Trump Marina Hotel Casino-by May. Coastal Development LLC has agreed to buy the property for $270 million.
http://www.miamiherald.com/business/story/833433.html
Latest from Haute Living
Fashion
Inside the Gucci Store Show, Demna’s First Full Statement for the House
City GuideMiami
Why The Setai, Miami Beach, Keeps Earning Michelin’s Highest Hotel Honor
City GuidePalm Beach
These are the Restaurants Serving Palm Beach’s Best Sunday Brunch This Season
Haute Shopping