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- Harrah’s electing PIK on $1.4 Billion in Bonds
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S&P Leveraged Commentary & Data released today: Harrah’s joins 8 toggle issuers electing PIK; cash-pays buckle (link for those with access).
S&P reports Harrah’s Entertainment announced today that it will be paying the $1.4 billion in senior PIK toggle bonds with additional debt instead of cash. According to S&P, this is the 9th toggle bond, totaling $4.1 billion in debt, electing the PIK option…
Original Source
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2 July, 2008| housingblogs |
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