Harrah's Announces Exchange Offer for Notes
LAS VEGAS -- (PRESS RELEASE) -- Harrah's Operating Company, Inc., a subsidiary of Harrah's Entertainment, Inc. (NYSE: HET), announced an offer to exchange any and all of its outstanding $750 million of unsecured 5.50% Senior Notes due 2010 (the "old notes") issued in a private-placement sale in June 2004.
The exchange offer expires at 5 p.m. New York City time on October 15, 2004, unless extended. The exchange notes will be registered under the Securities Act of 1933 and will not be subject to transfer restrictions, registration rights and provisions providing for an increase in the interest rate applicable to the private notes.
The exchange notes, which mature July 1, 2010, are unsecured senior obligations of Harrah's Operating Company and are unconditionally guaranteed by Harrah's Entertainment.
