Harrah's obtains necessary consents to amend $3.525 billion in notes

By Jennifer Chiou

New York, July 25 - Harrah's Operating Co., Inc. said it received the required consents to amend the indentures for notes totaling $3.525 billion.

Affected issues include Harrah's 8½% senior notes due 2006, 7½% senior notes due 200, 7% senior notes due 2013, 7 7/8% senior subordinated notes due 2005, 9 3/8% senior subordinated notes due 2007, 8 7/8% senior subordinated notes due 2008, 7 7/8% senior subordinated notes due 2010, 8 1/8% senior subordinated notes due 2011 and floating-rate contingent convertible senior notes due 2024.

The company began its consent solicitation July 8 and it expired at 5 p.m. ET on July 22.

The amendments allow Harrah's filings of consolidated annual audited financial statements and other reports for itself and its subsidiaries with the Securities and Exchange Commission to satisfy the requirement for consolidated annual audited financial statements and other reports to the note trustees.

Deutsche Bank Securities Inc. is the solicitation agent (866 627-0391 or call collect 212 250-2955). Global Bondholder Services Corp. is information agent and tabulation agent (866 470-4200 or banks and brokers call 212 430-3774).

Las Vegas-based Harrah's Entertainment is the world's largest provider of branded casino entertainment.

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