January 22, 2009 🟡 Significant

Fourth bondholder extension keeps Trump casinos on life support

Associated Press coverage showed CEO Mark Juliano acknowledging that bondholders granted Trump Entertainment until February 4 to reach a restructuring deal even though the company still had not paid the December interest bill and was threatening another Chapter 11 filing.

Categories

Offenses:
legal-violation
Domains:
economy
Tags:
#atlantic-city#lender-pressure