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Harrah's extends bond tender offer again

NEW YORK, New York -- As reported by Dow Jones Newswires: "Harrah's Entertainment Inc. extended its bond tender offer again Thursday, as the company struggles to reduce its debt load.

"The heavily indebted casino company extended its tender offer, which was set to expire Wednesday, out to April 8. The company last extended its offer on March 19.

"The company said 63%, or more than $5.4 billion, of the bonds it has offered to exchange, have been tendered. That's up from $4.5 billion a week ago.

"This offer is the second attempt the company has made to get holders to turn over their notes. The first attempt last year, failed to push out the bulk of the debt it has coming due through 2013..."

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