Trump Entertainment gets $356.4 million amended, restated term loans

By Sara Rosenberg

New York, July 20 - Trump Entertainment Resorts Inc. closed on $356.4 million of amended and restated term loans due Dec. 31, 2015 in connection with its emergence from bankruptcy on July 16, according to an 8-K filed with the Securities and Exchange Commission on Tuesday.

Beal Bank is the administrative agent on the deal and Icahn Partners is the initial lender.

Of the total term loans, $334 million is an interest bearing component that is priced at 12%, and $22.4 million in a non-interest component.

There is call protection of 102 for six months and 101 for the following six months.

Proceeds were used to refinance existing debt.

Trump Entertainment Resorts is an Atlantic City-based owner and operator of casino resort properties.

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