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 ...

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