Entries tagged "Tropicana Entertainment"
Here are some of the latest bankruptcy stories our reporters have been covering Thursday morning on TheDeal.com. For more check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider. ...
Here are some of the latest bankruptcy stories our reporters have been covering Tuesday morning on TheDeal.com. For more check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider. ...
Here are some of the latest bankruptcy stories our reporters have been covering Tuesday morning on TheDeal.com. For more check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider. Fate of Tropicana's Yung unknown Tropicana Entertainment LLC may have been boosted by access to a $67 million debtor-in-possession loan, but a battle regarding the position of owner William Yung still rages on. The owner of the Tropicana Las Vegas and the former parent of the Tropicana Casino and Resort in Atlantic City, N.J., has been permitted to use all of a $67 million DIP from Silver Point Finance LLC....
A new Bankruptcy Code and the rise of collateralized debt obligations and covenant-lite agreements are playing havoc in court and at the negotiating table.