Harrah’s Loan Upsized, Breaks

A new term loan for Harrah’s Entertainment’s operating company subsidiary was increased yesterday to $1 billion from $750 million amid strong demand for the paper.

  • 23 Sep 2009

--Libby Sallaberry

A new term loan for Harrah’s Entertainment’s operating company subsidiary was increased yesterday to $1 billion from $750 million amid strong demand for the paper. The new loan broke for trading and traded up to 98 3/4-99 1/4 from its original issue discount of 98.

Demand likely came ...

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