Trump purchase agreement amended to increase partnership contribution

By Caroline Salls

Pittsburgh, Oct. 13 - Trump Entertainment Resorts, Inc. has entered into an amendment to its purchase agreement with BNAC, Inc. and Donald J. Trump, according to an 8-K filed with the Securities and Exchange Commission.

Under the amendment, the parties have agreed to increase the total capital contributions to the Trump Entertainment Resorts Holdings, LP payable for partnership interests by $13.9 million to $113.9 million.

The company said the additional $13.9 million will be used to fund the plan of reorganization payment to the holders of its $1.25 billion 8½% senior secured notes due 2015.

The purchase agreement remains subject to the effectiveness of Trump's Chapter 11 plan.

Trump Entertainment Resorts, an Atlantic City-based owner and operator of three casino resort properties, filed for bankruptcy on Feb. 17, 2009 in the U.S. Bankruptcy Court for the District of New Jersey. Its Chapter 11 case number is 09-13654.

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