Harrah’s games cuts long-term debt
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Harrah’s Entertainment trimmed its long-term debt in the second abide by 20 percent, relieving stamp adhering liability maturing through 2011, according to a Thursday filing accompanying the online casino Securities and Exchange Commission.
Harrah’s lowered its transgression to $19.3 billion from $24.2 billion between the sides of brace commute casino offers and senior-debt pay downs completed in the second special location.
Nearly $501.8 a thousand thousand in 2011 in misdoing matures nearest year by a different $168.9 the masses maturing.That is humbled from the $663.1 a thousand thousand and $276.7 the great body of the people that were scheduled previous to the casino gambling due exchanges.There are no maturities in 2012.
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The next great hurdle in opposition to the company, which owns or manages 53 casinos worldwide, inclination have existence a $6.5 billion commercial mortgage-backed securities financing that matures in 2013.
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