Print
E-mail
Share
digg
Newsvine
Facebook
Stumble
Technorati
reddit
Fark
twitterCasino operator selling notes
Tuesday, April 8, 2003 | 11:25 a.m.
Park Place Entertainment Corp. of Las Vegas, the biggest U.S. casino company, plans to sell $300 million of 10-year notes, people familiar with the sale told Bloomberg News.
Park Place will use the funds raised through the sale to pay bank debt, sources said. Bank of America Corp. and Deutsche Bank AG are managing the sale, which may conclude today or tomorrow, the people familiar with the transaction said.
The notes will yield 7 percent to 7.25 percent, the people said.
Park Place's credit is rated Ba1 by Moody's Investors Service, one level below investment grade, and BBB- by Standard & Poor's, the lowest investment grade.
archive
- Most Read
- Discussed
- Most E-mailed
- Scuffle in pub parking lot leads to attorney’s arrest
- Palin craze puzzling, given ’08 disaster
- The ins and outs of CityCenter traffic
- Harrah’s moves ahead with Planet Hollywood deal
- Man arrested for DUI after crashing into high school’s wall
- MGM Mirage begins lifting veil on CityCenter today
- Vdara hotel marks opening of CityCenter
- Henderson postpones vote on massage parlor law
- Despite few points, inspiration keeps ‘Chop’ high on plus-minus list
- LV woman robs Kentucky strip club, police say
Blogs
The Kats Report
Dissimilar landmarks -- Binion's and CityCenter -- reflect today's Las Vegas (2 Comments)
High School Sports Scene
Prep Football: State Championship
Elsewhere
UFC debut in Boston likely July or August (1 Comment)
The Kats Report
Planet Hollywood's Thomas McCartney headed for Tropicana (15 Comments)
Elsewhere
LV woman robs Kentucky strip club, police say (5 Comments)
Las Vegas Sands' Hong Kong IPO flops (3 Comments)
The Kats Report
Monday List: Top 13 Moments and Observations From Thanksgiving Weekend (4 Comments)
Calendar »
- 2 Wed
- 3 Thu
- 4 Fri
- 5 Sat
- 6 Sun
-
Nic Faniciulli at Godskitchen
Body English | 10:30 p.m. to 11:59 p.m.
-
Mischieve Wednesdays at T&T
Tacos and Tequila
-
Ben Sherman gift bag giveaways at Wasted Space
Wasted Space | 10 p.m. to 11:59 p.m.
The Sun
Locally owned and independent for more than 50 years.
