September 26, 2016 5:10 PM 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. As of February 26, 2016, Trump Entertainment Resorts, Inc. operates as a subsidiary of Icahn Enterprises, L.P.

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: 56
Chief Financial Officer
Age: 50
Senior Vice President of Marketing Operations
Vice President of Hotel Operations
Executive Director of Far East Marketing
Compensation as of Fiscal Year 2016.

Trump Entertainment Resorts, Inc. Key Developments

Trump Entertainment Resorts Deleted From Other OTC

Trump Entertainment Resorts Inc. common deleted from Other OTC, effective March 2, 2016. The deletion was due to bankruptcy plan effective/shares cancelled.

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.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 26, 2016
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