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Trump's casino operations to file for Chapter 11 bankruptcy.
Knight Ridder/Tribune Business News, November, 2004
By Suzette Parmley, The Philadelphia Inquirer Knight Ridder/Tribune Business News
Nov. 17--Donald J. Trump's casino operations are expected to file for Chapter 11 bankruptcy as early as Monday, as part of an effort to upgrade his Atlantic City gaming properties and refinance $1.8 billion in debt.
It will be Trump's second attempt since August to turn around his casinos. The first ended in late September when the developer and reality TV star halted negotiations with Credit Suisse First Boston and began looking for new investors.
Under a new refinancing plan announced last month, Morgan Stanley will provide a $500 million line of credit to Trump to overhaul his casinos and expand into other jurisdictions, including Pennsylvania and Las...
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