Taj Mahal high-yield bond financing
- Promised
- Trump promoted the Taj Mahal as a major completed casino resort and business achievement.Open cited record · 2 sources
- The record
- The project was financed through high-yield debt carrying demanding repayment terms.Open cited record · 3 sources
- Who paid
- The casino opened but needed unusually strong daily operating performance to service the debt.Open cited record
- Taj Mahal bondholders
- Trump Taj Mahal Associates
- Audit finding
- partly kept
The casino opened, but its financing created a documented repayment burden that preceded its restructuring.
Causal strength: source attributed