TITLE

LAKE LAS VEGAS LAWYER QUERIED ON LOAN

AUTHOR(S)
Edwards, John
PUB. DATE
August 2008
SOURCE
Las Vegas Business Press (10712186);8/4/2008, Vol. 25 Issue 31, pP16
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that Thomas Patterson, attorney for bankrupt company Lake Las Vegas, was queried by Bankruptcy Judge Linda Riegle over a proposed $127 million postbankruptcy loan from a group led by investment banking firm Credit Suisse. According to Riegle, the chances of her approving an interim $114. million portion of the loan were slim and none. Patterson said that the company could rely on $1.2 million cash on hand and about $500,000 in total cash at three golf courses.
ACCESSION #
34162059

 

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