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StumbleOperator, bondholders in talks
Monday, April 8, 2002 | 11:13 a.m.
The company has proposed lowering the interest rates and extending the maturity date of its $1.3 billion in Trump Atlantic City Associates 11.25 percent mortgage bonds due 2006.
Trump Hotels said it hopes the negotiations will help it reduce interest expense and hopefully allow it to finance a capital improvements program, including the possible construction of additional hotel rooms at its Atlantic City properties, the Trump Plaza Hotel and Casino and the Trump Taj Mahal Casino Resort.
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