Park Place Entertainment Announces Pricing Of $425 Million Senior Note Issue

15th Aug 2001

Park Place Entertainment Corporation (NYSE: PPE) today announced the pricing of a Rule 144A private placement of $425 million senior notes with an 8-year maturity yielding 7.5%. The Company intends to use the proceeds to pay down its credit facility. The closing is expected to be on August 22, 2001.
The notes have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This notice is issued pursuant to Rule 135© of the Securities Act of 1933.



Recommended for you

Follow Breaking Travel News

Travel Events Calendar

Media Partnerships

Global Restaurant Investment ForumThe Hospitality & Tourism SummitCATHIC
ITB AsiaChina Outbound Travel & Tourism MarketThe Travel Marketing Store
Serviced Apartment SummitWorld Travel MarketIMEX
AHICWTTCRoutes Online
UBM Aviation