Harrah's makes open-market repurchases of $208.4 million of notes

By Angela McDaniels

Tacoma, Wash., Sept. 24 - Harrah's Operating Co., Inc. purchased $208.4 million of its notes in the open market during August and September, according to an S-4 filing with the Securities and Exchange Commission.

The company paid $200.1 million for the notes, which included:

• $11.1 million principal amount of 5½% senior notes due 2010;

• $75.9 million principal amount of 7 7/8% senior subordinated notes due 2010;

• $100,000 principal amount of 8% senior notes due 2011; and

• $121.3 million principal amount of 8 1/8% senior subordinated notes due 2011.

Harrah's Operating is a subsidiary of Harrah's Entertainment, Inc., a Las Vegas-based provider of branded casino entertainment.

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