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Harrah's Offers $750 Million in Notes5 June 2006LAS VEGAS -- (PRESS RELEASE) -- Harrah's Operating Company, Inc., a wholly-owned subsidiary of Harrah's Entertainment, Inc. (NYSE:HET), today announced the public offering of $750 million of its 6.50% Senior Notes due 2016. The transaction is expected to close on June 9, 2006. The notes will be issued pursuant to an effective registration statement on Form S-3 that was previously filed with the Securities and Exchange Commission. The notes will be guaranteed by Harrah's Entertainment, Inc. Net proceeds from the offering will be used to reduce outstanding indebtedness, to consummate the debt tender offers commenced on May 30, 2006 and for general working capital purposes.
Harrah's Offers $750 Million in Notes
is republished from Online.CasinoCity.com.
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