Trump Hotels & Casino Resorts debt refinancing

What happened

1. promise1995-06-01documented

   The public company presented its financing plan as a path to grow Trump-branded 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
   Read full record
2. action1996-04-17documented

   The company issued high-yield debt and used proceeds for refinancing and acquisitions.

   • U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 1996 Form 10-K1997-03-28 · Business, acquisitions, debt, compensation, and related-party 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 · Pages 2-9: financing, related transactions, bankruptcies, and outcomes
   Read full record
3. affected group1996-04-17documented

   Bondholders and public shareholders assumed the resulting debt and operating risk.

   • U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 1996 Form 10-K1997-03-28 · Business, acquisitions, debt, compensation, and related-party 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 · Pages 2-9: financing, related transactions, bankruptcies, and outcomes
   Read full record
4. limitation1997-03-28documented

   The financing terms and risks were disclosed, and the issuance itself was not found unlawful in the cited sources.

   • U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 1996 Form 10-K1997-03-28 · Business, acquisitions, debt, compensation, and related-party sections
   Read full record

People and organizations

• Trump Hotels & Casino Resorts bondholdersaffected party
• Trump Hotels & Casino Resorts public shareholdersaffected party