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Prospect News home > News index > List of issuers T > Headlines for Tenders 2005 > News item
Published on 8/24/2005 in the Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

GB Holdings plans to offer 2.9 million Atlantic Coast Entertainment shares for 11% notes

By Jennifer Chiou

New York, Aug. 24 - GB Holdings is planning an offer to exchange its $43,741,030 of 11% notes due 2005 for 2.9 million Atlantic Coast Entertainment Holdings, Inc. shares.

Details are to be determined.

Atlantic Coast Entertainment said it intends to file a registration statement to cover the offer and sale.

Greate Bay is an Atlantic City, N.J.-based hotel and casino operator.

Atlantic Coast Entertainment's wholly owned subsidiary owns and operates The Sands Hotel and Casino in Atlantic City, N.J.


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