Aug. 4 (Bloomberg) -- Donald Trump and an affiliate of lender Beal Bank Nevada agreed to invest $100 million in Trump Entertainment Resorts Inc. and buy the casino company he founded out of bankruptcy.
Beal Bank agreed to restructure $486 million in secured debt to extend the maturity to December 2020 from 2012, Atlantic City-based Trump Entertainment said yesterday in a statement. Shareholders and holders of debt securities will receive nothing under the plan, which requires court approval.
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