Daily News: November 5, 2013

Revel Hires Kirkland & Ellis, Moelis to Support Restructuring

The Wall Street Journal said Revel Entertainment Group, whose operating subsidiary runs the casino and carries roughly $1.2 billion in debt, hired law firm Kirkland & Ellis and investment bank Moelis & Co. within the past week, according to people familiar with the matter.

The Wall Street Journal also said Revel was bailed out by investors several times since opening in April, and this month revealed it had amended a credit agreement for the fourth time and hired Alvarez & Marsal, a turnaround firm that helps companies conserve cash and restructure operations.

Previously on abfjournal: Revel AC Reduces Debt in Chapter 11 Exit, May 22, 2013

To read the entire WSJ article, click here.