The Wall Street Journal reported that Atlantic City, NJ-based Revel Casino hired restructuring lawyers and bankers to consider their options for reorganizing a heavy debt load, citing people familiar with the matter.

According to the article, Revel hired law firm Kirkland & Ellis and investment bank Moelis & Co. Also, the Journal noted that the struggling casino carries roughly $1.2 billion in debt and has amended its existing credit agreement for the fourth time, hiring Alvarez & Marsal

To read the entire Wall Street Journal article, click here.

Previously on

JP Morgan Agents Facility Amendment for Revel AC, Friday, December 28, 2012