Harrah’s seeks to raise $750M through new notes | TahoeDailyTribune.com
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Harrah’s seeks to raise $750M through new notes

LAS VEGAS (AP) – Private casino operator Harrah’s Entertainment Inc. says it hopes to raise $750 million through a new bond offering and use the money to pay of existing debt due sooner.

The Las Vegas-based company said in a regulatory filing on Wednesday that the new notes will be due 2018. The company on Tuesday announced an initial private offering of $500 million in new notes, but says officials increased the amount of the offering after the announcement.

Harrah’s says it plans to use the money to pay off other debt, including notes due next year.

The company says it had nearly $14 billion in total outstanding debt as of Dec. 31.


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