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February 13, 2016 2:30 AM ET

Hotels, Restaurants and Leisure

Company Overview of Trump Entertainment Resorts, Inc.

Company Overview

Trump Entertainment Resorts, Inc. engages in the ownership and operation of casino resort properties in Atlantic City, New Jersey. It owns and operates the Trump Taj Mahal Casino Resort and Trump Plaza Hotel and Casino, both located on the Boardwalk in Atlantic City. The company’s casino resorts operate approximately 5,700 slot machines, 280 table games, and 2,700 hotel rooms. Trump Entertainment Resorts, Inc. was founded in 1995 and is based in Atlantic City, New Jersey. On September 9, 2014, Trump Entertainment Resorts, Inc., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.

1000 Boardwalk at Virginia Avenue

Atlantic City, NJ 08401

United States

Founded in 1995

3,700 Employees

Phone:

609-449-5534

Key Executives for Trump Entertainment Resorts, Inc.

Chairman and Chief Executive Officer
Age: 55
Chief Financial Officer
Age: 49
Senior Vice President of Marketing Operations
Vice President of Hotel Operations
Executive Director of Far East Marketing
Compensation as of Fiscal Year 2015.

Trump Entertainment Resorts, Inc. Key Developments

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.

Notice of Amended Exit Financing Filed by Trump Entertainment Resorts, Inc.

Trump Entertainment Resorts, Inc. filed a notice for amendment to exit facility commitment letter on November 5, 2015. As per the amendment, the termination date of the exit facility has been changed from January 1, 2016 to June 30, 2016. All the other terms of the exit facility shall remain unchanged.

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