Facebook
Fark
Digg
Reddit
StumbleCompany floating $300 million in bonds
Tuesday, Sept. 12, 2000 | 10:35 a.m.
Park Place Entertainment Corp. of Las Vegas is preparing to sell $300 million in senior notes.
Bloomberg News, citing investors familiar with the sale, said the eight-year senior subordinated notes will be priced to yield 8.875 percent. The sale will be managed by Deutsche Banc Alex. Brown and Merrill Lynch. The sale could be completed by the end of today.
Currently Park Place carries a debt rating of "BB+" from Standard & Poor's, a rating considered below investment grade.
archive
Most Popular
- Viewed
- Discussed
- E-mailed
- Small-business owners say they’re drowning under Water Authority’s new surcharge
- Photos: Claire Sinclair toasts 21st birthday at Crazy Horse III; plus, Jessa Hinton
- Ralston: Time for Mitt Romney to fire Donald Trump
- Errant swipe at Las Vegas draws a hint of indignation
- UNLV student government group reasserts authority to appoint Rebel Yell’s top editor
Everything Under the Sun
Blogs
The Kats Report
Where does a Playmate play when she turns 21? Vegas!
Ice Ice Billy
The road to six-toed cats and Mayor Bubba
The Kats Report
David Itkin tells L.V. Philharmonic officials he's on his way out (9 Comments)
Diamond Dave sells it well as Van Halen pours out the power at MGM Grand (2 Comments)
Entering debut at Tryst, Nick Hissom is a model for a rapid rise to prominence (2 Comments)
Michael Gaughan says no to return of 'Vegas Stripped' to South Point; Steve Wynn has enough nightclubs (5 Comments)
Cosmopolitan sizzling over serving as host hotel for Bravo's 'Top Chef Masters'
- Locally owned and independent since 1950; Winner of the Pulitzer Prize for Public Service, best news website in the nation & DuPont Award for broadcast journalism
Facebook Connect