Tropicana Entertainment moves Wednesday launch of term loan to morning

By Sara Rosenberg

New York, Feb. 7 - Tropicana Entertainment Inc. changed the bank meeting time for its $175 million first-lien term loan to 10 a.m. ET from 2 p.m. ET, with the event still set to take place on Wednesday, 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.

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