Weekly Trade Round Up

02 Apr 2008

Tropicana Entertainment’s term loan “B” dropped three-quarters of a point today after announcing an agreement to sell Casino Aztar in Evansville, Ind. to Eldorado Resorts and UBS led a BWIC -- bids wanted in competition -- today. The portfolio was a little over $131 million and one trader estimated there were probably 65-70 names in there.

Tropicana Loans Drop After Casino Sale

Tropicana Entertainment’s term loan “B” dropped three-quarters of a point today after announcing an agreement to sell Casino Aztar in Evansville, Ind. to Eldorado Resorts. “Some people may have sold some [loans] because of the sell,” said a trader. “Right now the offering ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.