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Cowboy200009

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Cowboy200009

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Friday, 11/27/2009 1:37:46 PM

Friday, November 27, 2009 1:37:46 PM

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Beal Bank makes play for Trump casinos.

Beal Bank, which is owed around $486 million, offered a New Jersey bankruptcy judge and Trump Entertainment to convert $386 million of loans it made to the casinos into equity of the company, and receive a $100 million cash payment, attorney Thomas Lauria said.

http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=OBR&date=20091125&id=10768079
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