July 30, 2016 5:31 PM ET

Hotels, Restaurants and Leisure

Company Overview of Trump Entertainment Resorts Holdings, L.P.

Company Overview

Trump Entertainment Resorts Holdings, L.P., together with its subsidiaries, owns and operates resorts and casinos in New Jersey. The company operates Trump Taj Mahal Casino Resort, Trump Plaza Hotel and Casino, and Trump Marina Hotel Casino located in Atlantic City, New Jersey. The company was formerly known as Trump Hotels & Casino Resorts Holdings, L.P. and changed its name to Trump Entertainment Resorts Holdings, L.P. in May 2005. Trump Entertainment Resorts Holdings, L.P. was incorporated in 1995 and is based in Atlantic City, New Jersey. Trump Entertainment Resorts Holdings, L.P. operates as a subsidiary of Trump Entertainment Resorts, Inc.

15 South Pennsylvania Avenue

Atlantic City, NJ 08401

United States

Founded in 1995

5,500 Employees

Phone:

609-449-5866

Fax:

212-688-0397

Key Executives for Trump Entertainment Resorts Holdings, L.P.

Chief Executive Officer
Age: 56
President and Director
Age: 61
Chief Financial Officer, Principal Accounting Officer, Executive Vice President and Corporate Treasurer
Age: 68
Executive Vice President of Governmental Affairs
Age: 71
Executive Vice President of Asset Protection & Risk Management
Age: 55
Compensation as of Fiscal Year 2016.

Trump Entertainment Resorts Holdings, L.P. Key Developments

Fourth Amended DIP Financing Approved for Trump Entertainment Resorts, Inc.

The US Bankruptcy Court gave an order approving the amendments to DIP financing agreement for Trump Entertainment Resorts, Inc. on February 17, 2016. As per the order, the debtor has been authorized to obtain a revolving credit facility in an additional amount of $5.2 million from IEH Investments LLC. The total DIP financing obtained by the debtor would now be in the amount of $44.3 million. All the other terms of the DIP agreement shall remain unchanged.

Third Amended DIP Financing Approved for Trump Entertainment Resorts, Inc.

The US Bankruptcy Court gave an order approving the amendments to DIP financing agreement for Trump Entertainment Resorts, Inc. on December 3, 2015. As per the order, the debtor has been authorized to obtain a revolving credit facility in an additional amount of $12.6 million from IEH Investments LLC. The total DIP financing obtained by the debtor would now be in the amount of $31.9 million. All the other terms of the DIP agreement shall remain unchanged.

Second Amended DIP Financing Approved for Trump Entertainment Resorts, Inc.

The US Bankruptcy Court gave an order approving the amendments to DIP financing agreement for Trump Entertainment Resorts, Inc. on November 18, 2015. As per the order, the DIP facility would now mature on June 30, 2016 or on the effective date of the plan or on the date of consummation of the sale of substantially all assets, whichever is earlier. All the other terms of the DIP agreement shall remain unchanged.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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