Harrah's Fires Up Exchange On Heels Of Downgrade

Harrah's Entertainment is working on exchanging up to $2.8 billion of new 10% second priority senior secured notes due 2018 for its outstanding debt.

  • 06 Mar 2009
Harrah's Entertainment is working on exchanging up to $2.8 billion of new 10% second priority senior secured notes due 2018 for its outstanding debt. The move comes right after Moody's Investors Service downgraded the Las Vegas casino company's corporate family rating to Caa3 and its loans to Caa1 ...

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