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Article: Trump Taj Mahal announces proposed restructuring. (Trump Taj Mahal Funding Inc., Trump Taj Mahal Associated L.P.)
- Article from:
- PR Newswire
- Article date:
- October 18, 1990
CopyrightCOPYRIGHT 1990 PR Newswire Association LLC. 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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TRUMP TAJ MAHAL ANNOUNCES PROPOSED RESTRUCTURING
ATLANTIC CITY, N.J., Oct. 18 /PRNewswire/ -- Trump Taj Mahal Funding, Inc. and Trump Taj Mahal Associates Limited Partnership announced today that they have filed a registration statement with the Securities and Exchange Commission with respect to certain proposed amendments to their $675 million aggregate principal amount of publicly traded 14 percent bonds due 1998.
The primary purpose of the amendments, which are subject to various conditions, including approval of the New Jersey Casino Control Commission, is to enable the Taj Mahal to reduce its annual debt service requirements.
The ...