Las Vegas Sun

November 16, 2009

Currently: 57° | Complete forecast | Log in

Company 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 Read
  • Discussed
  • Most E-mailed

Complete Listing

Calendar »

  • 16 Mon
  • 17 Tue
  • 18 Wed
  • 19 Thu
  • 20 Fri