The Wall Street Journal reported that Revel resort and casino filed for Chapter 11 protection, its second trip to bankruptcy court in recent years.
The Journal notes, according to the petition, that Revel’s board authorized the company to enter into a bankruptcy financing package with lenders led by Wells Fargo Bank.
The Journal said Revel first sought Chapter 11 protection in March 2013, less than a year after the $2.4 billion resort and casino opened.
To read the entire WSJ article, click here.
Previously on abfjournal: JPMorgan Agents $150MM Facility Amendment for Revel, November 11, 2013