SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
December 15, 2004
TRUMP HOTELS & CASINO RESORTS, INC.
(Exact name of registrant as specified in its charter)
| | | | |
| Delaware | | 1-13794 | | 13-3818402 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification Number) |
| | |
1000 Boardwalk at Virginia Avenue Atlantic City, New Jersey | | 08401 |
| (Address of principal executive offices) | | (Zip Code) |
609-449-6515
(Registrant’s telephone number, including area code)
TRUMP ATLANTIC CITY ASSOCIATES
(Exact name of registrant as specified in its charter)
| | | | |
| New Jersey | | 333-00643 | | 22-3213714 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification Number) |
| | |
1000 Boardwalk at Virginia Avenue Atlantic City, New Jersey | | 08401 |
| (Address of principal executive offices) | | (Zip Code) |
609-449-6515
(Registrant’s telephone number, including area code)
TRUMP ATLANTIC CITY FUNDING, INC.
(Exact name of registrant as specified in its charter)
| | | | |
| Delaware | | 333-00643 | | 22-3418939 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification Number) |
| | |
1000 Boardwalk at Virginia Avenue Atlantic City, New Jersey | | 08401 |
| (Address of principal executive offices) | | (Zip Code) |
609-449-6515
(Registrant’s telephone number, including area code)
TRUMP ATLANTIC CITY FUNDING II, INC.
(Exact name of registrant as specified in its charter)
| | | | |
| Delaware | | 333-43979 | | 22-3550202 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification Number) |
| | |
1000 Boardwalk at Virginia Avenue Atlantic City, New Jersey | | 08401 |
| (Address of principal executive offices) | | (Zip Code) |
609-449-6515
(Registrant’s telephone number, including area code)
TRUMP ATLANTIC CITY FUNDING III, INC.
(Exact name of registrant as specified in its charter)
| | | | |
| Delaware | | 333-43975 | | 22-3550203 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification Number) |
| | |
1000 Boardwalk at Virginia Avenue Atlantic City, New Jersey | | 08401 |
| (Address of principal executive offices) | | (Zip Code) |
609-449-6515
(Registrant’s telephone number, including area code)
TRUMP CASINO HOLDINGS, LLC
(Exact name of registrant as specified in its charter)
| | | | |
| Delaware | | 333-104916 | | 45-0475879 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification Number) |
| | |
C/O Trump Hotels & Casino Resorts Holdings, L.P. 1000 Boardwalk at Virginia Avenue Atlantic City, New Jersey | | 08401 |
| (Address of principal executive offices) | | (Zip Code) |
609-449-6515
(Registrant’s telephone number, including area code)
TRUMP CASINO FUNDING, INC.
(Exact name of registrant as specified in its charter)
| | | | |
| Delaware | | 333-104916 | | 45-0475877 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification Number) |
| | |
C/O Trump Hotels & Casino Resorts Holdings, L.P. 1000 Boardwalk at Virginia Avenue Atlantic City, New Jersey | | 08401 |
| (Address of principal executive offices) | | (Zip Code) |
609-449-6515
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 1.01. | Entry into a Material Definitive Agreement. |
On December 17, 2004, Trump Hotels & Casino Resorts, Inc. (the “Company”), Trump Atlantic City Associates and Trump Casino Holdings, LLC entered into that certain commitment letter (the “Commitment Letter”) with Morgan Stanley Senior Funding, Inc. (“Morgan Stanley”) and UBS Loan Finance LLC and UBS Securities LLC (together, “UBS”), pursuant to which Morgan Stanley and UBS have agreed to provide a financing commitment for, and act as joint lead arrangers and bookrunners in connection with, a $500 million working capital facility to be entered into by the Company upon the effective date of the Company’s plan of reorganization (the “Plan”) under chapter 11 of the United States Bankruptcy Code. Morgan Stanley would also act as administrative agent for the working capital facility. The Commitment Letter, which is subject to approval of the United States Bankruptcy Court for the district of New Jersey (the “Court”), is attached as Exhibit 10.1 hereto.
Item 8.01. Other Events.
On December 15, 2004, the Company and certain of its subsidiaries (collectively, the “Debtors”) filed the Plan and the accompanying disclosure statement (the “Disclosure Statement”) with the Court. The Plan and Disclosure Statement, as well as the Commitment Letter described in Item 1.01, implement certain terms of that certain restructuring support agreement, dated as of October 20, 2004, among certain of the Debtors, Donald J. Trump and certain holders of the Debtors’ public indebtedness, as previously disclosed in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (the “Commission”) on October 21, 2004. The Plan and Disclosure Statement are attached hereto as Exhibits 2.1 and 2.2, respectively. The Court has set a January 21, 2005 hearing date to evaluate the adequacy of the Disclosure Statement. Further information concerning the Company’s chapter 11 cases, as well as the documents filed with the Court, are available on the Debtors’ website atwww.THCRrecap.com.
The descriptions of the Commitment Letter, Plan and Disclosure Statement and the transactions contemplated thereby are qualified in their entirety by reference to such documents.
Any securities proposed to be issued in connection with the Plan and Disclosure Statement have not been registered under the Securities Act of 1933, as amended, or any state securities laws and unless so registered may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933, as amended, and applicable state securities laws. Neither the Plan nor the Disclosure Statement constitutes an offer to sell or the solicitation of offers to buy any security and neither the Plan nor the Disclosure Statement constitutes an offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Cautionary Statement Regarding Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements so long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.
The information contained herein includes statements reflecting assumptions, expectations, projections, intentions or beliefs about future events that are intended as “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements made herein are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements included herein, other than statements of historical fact, that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance and achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. This can occur as a result of inaccurate assumptions or as a consequence of known or unknown risks and uncertainties. You can identify these statements by the fact that they do not relate strictly to historical or current facts. They use words such as “anticipate,” “estimate,” “intend,” “plan,” “project,” “forecast,” “may,” “predict,” “target,” “potential,” “proposed,” “contemplated,” “will,” “should,” “could,” “would,” “expect” and other words of similar meaning. Any or all of the forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks, uncertainties and other factors.
These risks, uncertainties and other factors include the following factors as well as other factors described from time to time in the Company’s reports filed with the Commission, including the Debtors’ ability to confirm and consummate the Commitment Letter (and contemplated working capital facility), Plan and Disclosure Statement or other documents filed with the Court in connection with the Plan (or any significant delay with respect thereto); the Debtors’ ability to negotiate and execute definitive transaction documents in connection with the Plan, and perform their obligations thereunder; the Debtors’ alternatives in the event the Court does not grant final approval of such documents; the Debtors’ ability to obtain the required consents of noteholders and other
constituencies necessary to implement the Plan; Court approval of the Debtors’ filings and motions prosecuted by them from time to time; the risk that certain parties may challenge the enforceability of the restructuring support agreement; potential challenges to the Plan by an equity committee or creditors’ committee that may be formed with respect to the Debtors’ chapter 11 cases; risks associated with third parties seeking and obtaining court approval to terminate or shorten the exclusivity period for the Debtors to propose and confirm the Plan, or for the appointment of a chapter 11 trustee or to convert the cases to a chapter 7 case; the impact of the Plan on the Debtors’ operations going forward, including the impact on the Debtors’ ability to negotiate favorable terms with suppliers, customers, landlords and others; the Debtors’ alternatives if the Plan is not consummated, including undertaking transactions that may have unforeseeable consequences to the holders of the Company’s common stock and the debt of its subsidiaries; the Company’s preparation and submission of an application to have its new common stock listed on the New York Stock Exchange or other national securities exchange if the Company is successful in its efforts to consummate the Plan, and the Company’s ability to obtain such a listing; the consummation of the Debtors’ strategic alternatives with respect to its financial situation and capital structure, including the potential sale of one or more of their casino properties; the ability of the Debtors to continue as a going concern; the Debtors’ ability to maintain contracts that are critical to their operations; potential adverse developments with respect to the Debtors’ liquidity or results of operations; the ability to fund and execute the Debtors’ business plan; the ability to attract, retain and compensate key executives and associates; the ability of Debtors to attract and retain customers; licenses and approvals under applicable laws and regulations, including gaming laws and regulations; changes in the competitive climate in which the Debtors operate; or a broad downturn in the economy as a whole. Accordingly, the forward-looking statements contained herein may not be realized and may differ significantly from the Company’s actual results. In addition, there may be other factors that could cause the Company’s actual results to be materially different from the results referenced, expressed or implied, in the forward-looking statements. Many of these factors will be important in determining the Company’s actual future results. Consequently, no forward-looking statement can be guaranteed.
All forward-looking statements contained herein, and all subsequent written and oral forward-looking statements attributable to us or persons acting on the Company’s behalf are qualified in their entirety by this cautionary statement. Forward-looking statements speak only as of the date they are made, and the Company disclaims any obligation to update any forward-looking statements, including the information contained herein, to reflect events or circumstances after the date hereof, except as otherwise required by applicable law.
Item 9.01. Financial Statements and Exhibits.
| | |
Exhibit No.
| | Description
|
| |
| 2.1 | | Debtors’ Plan of Reorganization under Chapter 11 of the United States Bankruptcy Code, dated December 15, 2004 |
| |
| 2.2 | | Disclosure Statement Accompanying the Debtors’ Plan of Reorganization, dated December 15, 2004, pursuant to Section 1125 of the United States Bankruptcy Code |
| |
| 10.1 | | Commitment Letter, dated December 17, 2004, between Trump Hotels & Casino Resorts, Inc., Trump Atlantic City Associates and Trump Casino Holdings, LLC, and Morgan Stanley Senior Funding, Inc., UBS Securities LLC and UBS Loan Finance LLC |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, each of the registrants has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
TRUMP HOTELS & CASINO RESORTS, INC. |
|
/s/ John P. Burke |
John P. Burke |
Executive Vice President and |
Corporate Treasurer |
Dated: December 23, 2004
|
TRUMP ATLANTIC CITY ASSOCIATES |
|
By: TRUMP ATLANTIC CITY HOLDING, INC., its Managing General Partner |
|
/s/ John P. Burke |
John P. Burke |
Vice President and Treasurer |
Dated: December 23, 2004
|
TRUMP ATLANTIC CITY FUNDING, INC. |
|
By: |
|
/s/ John P. Burke |
John P. Burke |
Treasurer |
Dated: December 23, 2004
|
TRUMP ATLANTIC CITY FUNDING II, INC. |
|
By: |
|
/s/ John P. Burke |
John P. Burke |
Treasurer |
Dated: December 23, 2004
|
TRUMP ATLANTIC CITY FUNDING III, INC. |
|
By: |
|
/s/ John P. Burke |
John P. Burke |
Treasurer |
Dated: December 23, 2004
| | |
| TRUMP CASINO HOLDINGS, LLC |
| |
By: | | /s/ John P. Burke |
| | | John P. Burke |
| | | Executive Vice President |
| | | (Duly Authorized Officer and Principal Financial |
| | | and Accounting Officer) |
Dated: December 23, 2004
| | |
TRUMP CASINO FUNDING, INC. |
| |
By: | | /s/ John P. Burke |
| | | John P. Burke |
| | | Executive Vice President |
| | | (Duly Authorized Officer and Principal Financial |
| | | and Accounting Officer) |
Dated: December 23, 2004
EXHIBIT INDEX
| | |
Exhibit No.
| | Description
|
| |
| 2.1 | | Debtors’ Plan of Reorganization under Chapter 11 of the United States Bankruptcy Code, dated December 15, 2004 |
| |
| 2.2 | | Disclosure Statement Accompanying the Debtors’ Plan of Reorganization, dated December 15, 2004, pursuant to Section 1125 of the United States Bankruptcy Code |
| |
| 10.1 | | Commitment Letter, dated December 17, 2004, between Trump Hotels & Casino Resorts, Inc., Trump Atlantic City Associates and Trump Casino Holdings, LLC, and Morgan Stanley Senior Funding, Inc., UBS Securities LLC and UBS Loan Finance LLC |
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