Casino-company debt refinancing: Audit finding

Entities and roles

• America First Audit: Casino-company debt refinancingaudit case
• Donald J. Trumpcomparison subject

Claims and evidence

1. analysisdocumented

   The refinancing shifted substantial obligations into the public-company capital structure while providing liquidity for acquisitions and debt repayment.

   • U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 1996 Form 10-KBusiness, 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 MillionsPages 2-9: financing, related transactions, bankruptcies, and outcomes