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Revel AC Reduces Debt in Chapter 11 Exit

Revel AC announced that it successfully completed its financial restructuring and emerged from Chapter 11. Its restructuring plan reduced the casino’s debt by 82%.

Revel AC Announces Confirmation of Reorganization Plan

Revel AC announced that the U.S. Bankruptcy Court for the District of NJ has confirmed Revel’s prepackaged plan of reorganization. The plan will reduce Revel’s debt loan from $1.5 billion to $272 million, through an exchange of debt for equity.

May 14, 2013 interest expense | Reorganization Plan Revel | Revel | U.S. Bankruptcy Court for the District of New Jersey ABFJ News

Revel Files Prepackaged Chapter 11 Cases

Revel AC said it has filed its voluntary prepackaged Chapter 11 cases in the U.S. Bankruptcy Court for the District of New Jersey to facilitate its previously announced financial restructuring.

March 26, 2013 financial restructuring | Revel | U.S. Bankruptcy Court for the District of New Jersey ABFJ News

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Tag Archives: U.S. Bankruptcy Court for the District of New Jersey

Revel AC Reduces Debt in Chapter 11 Exit

Revel AC Announces Confirmation of Reorganization Plan

Revel Files Prepackaged Chapter 11 Cases