TITLE

Herbst Gaming needs to pay bondholders or draft restructuring plan

AUTHOR(S)
Stutz, Howard
PUB. DATE
November 2008
SOURCE
Las Vegas Business Press (10712186);11/24/2008, Vol. 25 Issue 47, pP15
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that Herbst Gaming needs to pay its bondholding more than $846.8 million or draft a restructuring plan for its debt payments until December 3, 2008. According to the author, this company, which operates 15 casinos in Nevada and Midwest, was facing bankruptcy unless it could restructure its $1.2 billion debt. It states that Herbst Gaming received a notice that its bondholders are demanding for payment of the outstanding principal on the loans.
ACCESSION #
35620046

 

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