Trump Hotels & Casino Resorts buys notes from Trump
What happened
promisedocumented The public company raised investor capital for its casino operations.
- U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 1996 Form 10-K1997-03-28 · Business, acquisitions, debt, compensation, and related-party sections
actiondocumented The company acquired notes held by Trump and delivered disclosed consideration.
- U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 2002 Form 10-K2003-03-31 · Related-party transactions, notes, fees, and Riviera sections
outcomedocumented Trump received cash or securities while the public company took ownership of the instruments.
- U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 2002 Form 10-K2003-03-31 · Related-party transactions, notes, fees, and Riviera sections
limitationdocumented The transaction was disclosed, and the filing does not adjudicate that the consideration was excessive.
- U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 2002 Form 10-K2003-03-31 · Related-party transactions, notes, fees, and Riviera sections
- The New York Times via U.S. House Judiciary Committee record: How Donald Trump Bankrupted His Atlantic City Casinos, but Still Earned Millions2016-06-11 · Related-party note purchase discussion
People and organizations
- Trump Hotels & Casino Resorts public shareholdersaffected party
- Donald Trumpbeneficiary
Assessment
The transaction transferred value from the public company to Trump in exchange for the notes; the filing does not itself establish unfair valuation.