Article: Trump Taj Mahal bondholder steering committee rejects Trump restructuring proposal. (Trump Taj Mahal First Mortgage Bonds)

TRUMP TAJ MAHAL BONDHOLDER STEERING COMMITTEE

REJECTS TRUMP RESTRUCTURING PROPOSAL

NEW YORK, Oct. 18 /PRNewswire/ -- The Steering Committee of the Trump Taj Mahal First Mortgage Bonds today announced that it categorically and unanimously rejects the restructuring proposal filed today by Trump Taj Mahal Funding, Inc. and Trump Taj Mahal Associates Limited Partnership with the Securities and Exchange Commission. The Steering Committee is comprised of 10 financial institutions which collectively own or represent in excess of one-third of the $675 million of first mortgage bonds.

The Steering Committee has previously provided to ...

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