Harrah's says buyout set to close Jan. 28

**blast_investor** Tue Jan 15, 2008 10:23 pm

Harrah's says buyout set to close Jan. 28
Harrah's says buyout set to close Jan. 28

Harrah's Entertainment, a Las Vegas casino operator, on Monday said its $17.7 billion buyout by private equity buyers Apollo Management of New York and TPG Capital of Fort Worth, Texas, is set to close Jan. 28.

Harrah's recently extended the contract of Chairman, President and Chief Executive Officer Gary Loveman, saying he'll keep those jobs once the buyout closes.

Harrah's Entertainment shares rose 80 cents, or 0.9 percent, Monday to close at $89.15 on the New York Stock Exchange.

**zhang242463** Thu Jan 17, 2008 5:43 pm

Re: Harrah's says buyout set to close Jan. 28
so is Harrah's a done deal? it has 2.2% spread for 1 week wait.
What is Harrah's term loan at 300 bps/Libor about? Can it close without debt being sold?

blast_investor wrote: Harrah's says buyout set to close Jan. 28

Harrah's Entertainment, a Las Vegas casino operator, on Monday said its $17.7 billion buyout by private equity buyers Apollo Management of New York and TPG Capital of Fort Worth, Texas, is set to close Jan. 28.

Harrah's recently extended the contract of Chairman, President and Chief Executive Officer Gary Loveman, saying he'll keep those jobs once the buyout closes.

Harrah's Entertainment shares rose 80 cents, or 0.9 percent, Monday to close at $89.15 on the New York Stock Exchange.

**blast_investor** Fri Jan 18, 2008 1:07 am

Re: Harrah's says buyout set to close Jan. 28
zhang242463 wrote: so is Harrah's a done deal? it has 2.2% spread for 1 week wait.
What is Harrah's term loan at 300 bps/Libor about? Can it close without debt being sold?

Well, this spread is not really a good arbitrage play in my opinion, too narrow.

But it says that deals are still pending for closing. Business is ongoing on deals even though stock market mood is very bad recently.

**blast_investor** Tue Jan 29, 2008 2:33 pm

Harrah's Entertainment Completes Buyout today as expected.

http://ap.google.com/article/ALeqM5j2wgyNCkCXULTCGmAr_oQtYt3rfgD8UF6O0O0

**zhang242463** Wed Jan 30, 2008 12:40 pm

how do I find the settlement date for HET? I bought some and still didn't see the cash coming.