Hollywood Casino Shreveport gets official bondholder committee

By Jeff Pines

Washington, Nov. 24 - The U.S. Trustee appointed an official bondholder committee for Hollywood Casino Shreveport, according to paperwork filed with the U.S. Bankruptcy Court for the Western District of Louisiana.

The members of the committee are: Thomas Reeg of AIG Global Investment Corp.; Shawn Bookin of Trust Co. of the West; Thomas Austin Gaylord Jr. of Columbia Management Advisor; Linda Carter of Eaton Vance Management; and Lee Crocket of John Hancock Advisors.

Black Diamond Capital Management LLC, a bondholder whose bid for HCS was rejected, alleged the proposed sale of the company to Eldorado Resorts LLC is the product of a collaboration among the casino company, TCW and American International Group, Inc., two other bondholders. AIG holds $64.7 million of Eldorado's 9% senior notes due 2014, Black Diamond said in paperwork previously filed with the court.

Hollywood Casino Shreveport owns and operates a riverboat casino and hotel complex located on the Red River in Shreveport, La.

The trustee is also expected to appoint an official committee of unsecured creditors who are not bondholders.

Black Diamond and other creditors filed an involuntary Chapter 11 case against the casino and resort company on Sept. 10. The Chapter 11 case number is 04-13259.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.