Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Tropicana Entertainment Inc. > News item |
Tropicana Entertainment to launch $175 million term loan Wednesday
By Sara Rosenberg
New York, Feb. 6 - Tropicana Entertainment Inc. has scheduled a bank meeting for 2 p.m. ET on Wednesday to launch a proposed $175 million first-lien term loan, according to a market source.
UBS Securities LLC is the lead bank on the deal.
Proceeds will be used to refinance existing debt.
Total leverage is around 2.2 times.
Tropicana Entertainment is a Las Vegas-based owner and operator of casino gaming properties.
© 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.