Trump misses coupon on Trump Casino notes, to use grace period

New York, Sept. 15 - Trump Hotels & Casino Resorts Inc. said it did not make the coupon payment due on Sept. 15 for Trump Casino Holdings LLC's first and second priority mortgage notes due 2010 and will use the 30-day grace period, as permitted in the indentures.

The Atlantic City, N.J., gaming company has entered into a restructuring agreement with some holders of the notes and is currently working on a recapitalization to be implemented through a Chapter 11 filing.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.