Harrah's subsidiary to seek $750 million under debt plan

23 Sep 2009

Las Vegas Sun

LAS VEGAS, Nevada -- Harrah's Entertainment Inc. today announced its subsidiary Harrah's Operating Co. plans to seek $750 million of new term loans to refinance or retire debt and to improve liquidity.

Up to $175 million of the proceeds may be used to buy back debt under four issues coming due in 2010 and 2011.

Las Vegas-based Harrah's announced cash tender offers for those debt securities today. The offers expire Oct. 21.

Casino City is an independent directory and information service free of any gaming operator's control. Warning: You must ensure you meet all age and other regulatory requirements before entering a casino or placing a wager. There are hundreds of jurisdictions in the world with Internet access and hundreds of different games and gambling opportunities available on the Internet. Do not assume that Internet gaming sites are in compliance with the rules and regulations of every jurisdiction from which they accept players. YOU are responsible for determining if it is legal for YOU to play any particular game or place any particular wager under the laws of the jurisdiction where you are located. Please gamble responsibly.

Language: Any Language Location: Currency: > edit my preferences Home Online Slots Live Dealer Games Online Casinos Online Poker Online Bingo Games Lotteries Sports & Racebooks Fantasy Sports Forex Betting Exchanges Spread Betting Binary Options Exclusive Bonuses Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions		Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW! View the current issue
	Harrah's subsidiary to seek $750 million under debt plan 23 Sep 2009 Las Vegas Sun LAS VEGAS, Nevada -- Harrah's Entertainment Inc. today announced its subsidiary Harrah's Operating Co. plans to seek $750 million of new term loans to refinance or retire debt and to improve liquidity. Up to $175 million of the proceeds may be used to buy back debt under four issues coming due in 2010 and 2011. Las Vegas-based Harrah's announced cash tender offers for those debt securities today. The offers expire Oct. 21. Copyright © Las Vegas Sun. Inc. Republished with permission.