Trump bondholders reject bankruptcy deal

News

A group of bondholders in Donald Trump’s casino empire, Trump Hotels & Casino Resorts, is threatening to obstruct the terms of a bankruptcy restructuring plan calling for bondholders to swap their bonds for cash and new debt securities at a discount to the face value of the original bonds.

Trump’s casino empire is straining under a $1.8 billion debt burden with an annual interest tab of $228.5 million. Combined with substantial cashflow erosion at Trump’s casinos, the company has been unable

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