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Article: Trump Hotels & Casino Resorts Announces Banking Relationship with Morgan Stanley; Investment Bank Selected to Joint Lead Company's $500 Million Financing.
- Article from:
- Business Wire
- Article date:
- October 26, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Trump Hotels & Casino Resorts, Inc. ("THCR" or the "Company") (OTCBB: DJTC.OB) announced today that the Company has selected Morgan Stanley & Co. Incorporated ("Morgan Stanley") as joint lead arranger for the Company's $500 million financing (the "Financing") that is expected to be consummated as part of the Company's plan announced on October 21, 2004 (the "Plan"). Proceeds from the Financing, which will be secured on a first priority lien on substantially all of the Company's assets, are expected to fund immediate capital improvements, as well as certain expansion projects, at the Company's current properties. The Financing would also provide financial ...
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