Competing Valuations of Trump Casinos Determine Fate, Feasibility of Restructuring

Business Valuation UpdateVol. 16 No. 8
Legal and Court Case Update
August 2010
7011 Hotels and Motels
721120 Casino Hotels
bankruptcy

In the Matter of TCI 2 Holdings, LLC
2010 WL 1540115 (Bkrtcy. D.N.J.)
April 12, 2010
US
Federal Court
Federal
United States Bankruptcy Court
Charles A Stanziale, Curtis C Mechling, Erez E Gilad, J Philip Rosen, Jeffrey D Prol, Jeffrey T Testa, Kenneth A Rosen, Kristopher M Hansen, Lisa A Bonsall, Michael F Walsh, Ted S Waksman
William Hardy and Andrew Yearley (debtors); Neil Augustine (competing plan proponents)
Wizmur

Summary

Bankruptcy court considers key valuation evidence—including total enterprise value, cost of debt, debt service capacity, and capex/EBITDA proections—in confirmation of reorganization plan for Trump casinos.

See Also

In the Matter of TCI 2 Holdings, LLC

Bankruptcy court considers key valuation evidence—including total enterprise value, cost of debt, debt service capacity, and capex/EBITDA proections—in confirmation of reorganization plan for Trump casinos.