Dec. 11 (Bloomberg) -- Carl Icahn agreed to buy most of bankrupt Trump Entertainment Resorts Inc.’s bank debt, pitting the billionaire investor against a bondholder reorganization plan for the casino operator supported by Donald Trump.
Icahn affiliates will buy Beal Bank’s secured loan, which is first in line among creditors, and agreed to back the lender’s reorganization plan for Atlantic City, New Jersey-based Trump Entertainment, according to a statement today.
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