Trump Atlantic City Funding Ii Inc – LOAN AND SECURITY AGREEMENT dated as of November 22, 2004 among THE FINANCIAL INSTITUTIONS NAMED HEREIN, as the Lenders, BEAL BANK, S.S.B., as the Agent, and TRUMP HOTELS & CASINO RESORTS, INC., THCR HOLDING CORP., THCR/LP CORPORATION, TRUMP HOTELS & CASINO RESORTS HOLDINGS, L.P., TRUMP HOTELS & CASINO RESORTS FUNDING, INC., TRUMP ATLANTIC CITY HOLDING, INC., TRUMP ATLANTIC CITY ASSOCIATES, TRUMP ATLANTIC CITY FUNDING, INC., TRUMP ATLANTIC CITY FUNDING II, INC., TRUMP ATLANTIC CITY FUNDING III, INC., TRUMP ATLANTIC CITY CORPORATION, TRUMP TAJ MAHAL ASSOCIATES, TRUMP PLAZA ASSOCIATES, TRUMP CAS (November 24th, 2004)
This Loan and Security Agreement, dated as of November 22, 2004, among the financial institutions listed on the signature pages hereof, Beal Bank, S.S.B., as administrative agent for the Lenders, and Trump Hotels & Casino Resorts, Inc., THCR Holding Corp., THCR/LP Corporation, Trump Hotels & Casino Resorts Holdings, L.P., Trump Hotels & Casino Resorts Funding, Inc., Trump Atlantic City Holding, Inc., Trump Atlantic City Associates, Trump Atlantic City Funding, Inc., Trump Atlantic City Funding II, Inc., Trump Atlantic City Funding III, Inc., Trump Atlantic City Corporation, Trump Taj Mahal Associates, Trump Plaza Associates, Trump Casino Holdings, LLC, Trump Casino Funding, Inc., Trump Marina, Inc., Trump Marina Associates, L.P., Trump Indiana, Inc., Trump Indiana Realty, LLC, Trump Indiana Casino Management, LLC, THCR Management Holdings, LLC, THCR Management Services, LLC, THCR Enterprises, Inc., THCR Enterprises, LLC, THCR Ventures, Inc., Trump Internet Casino, LLC, Trump Hotels & C
Trump Atlantic City Funding Ii Inc – NEWS RELEASE (November 24th, 2004)
NEW YORK, NY – Trump Hotels & Casino Resorts, Inc. (“THCR” or the “Company”) (OTCBB: DJTC.OB) has commenced its recapitalization plan previously announced on October 21, 2004 (the “Plan”) in Camden, New Jersey. The Company’s Plan is supported by an overwhelming majority of the Company’s bondholders, as outlined in the support agreement entered into with such bondholders and Donald J. Trump on October 20, 2004. As part of the Plan, the Company has arranged for a $100 million interim facility from Beal Bank at an interest rate of LIBOR plus 1.50% (the “Facility”). Proceeds from the Facility, which will be secured by a lien on substantially all of the Company’s assets, are expected to be used for general corporate purposes, including capital expenditures, wages, trade and vendor contracts, and leases.
Trump Atlantic City Funding Ii Inc – NEWS RELEASE (February 12th, 2004)
NEW YORK, NY – Trump Hotels & Casino Resorts, Inc. (“THCR” or the “Company”) (NYSE: DJT) announced today that it has entered into an exclusivity agreement with DLJ Merchant Banking Partners III, L.P. (“DLJMB”), an affiliate of Credit Suisse First Boston (“CSFB”), in connection with DLJMB’s proposed $400 million investment to sponsor a comprehensive recapitalization of the Company. DLJMB’s proposed investment is in the form of common equity and will, if consummated, result in a substantial deleveraging of the Company’s balance sheet. DLJMB would also become the majority shareholder of the Company, with Donald J. Trump continuing as the Chairman of the Company’s Board of Directors and a significant equity holder. The proposed recapitalization is anticipated to, among other things, facilitate a large scale expansion of the Company’s current properties and provide for additional development. In connection with the proposed recapitalization, the Company also intends to change its name to Tr