Moody's: Circus and Eldorado gets restructuring deal

Moody's Investors Service said that Circus and Eldorado Joint Venture announced that it had entered into a restructuring support agreement with a significant note holder for a restructuring of its $142 million, 10 1/8% notes due March 1, 2012.

Additionally, the significant holder agreed to forbear from exercising remedies until April 30, subject to various conditions.

This agreement will give the company and its lenders more time to reach agreement on a restructuring of its capital structure, Moody's said.

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