Advertisement

Trump Confident He’ll Get Loans: Donald J....

Share
From Times Staff and Wire Service Reports

Trump Confident He’ll Get Loans: Donald J. Trump’s advisers are confident that the real estate magnate will write $36 million in checks today to pay the interest on his junk bond debt, but a pending bank loan deal to ease his cash crunch is still in doubt. Trump, who celebrated his 44th birthday Thursday, is seeking to arrange $60 million in financing to ease the cash shortage facing his massive but debt-laden real estate and casino empire. Trump advisers, appearing on the “Donahue” television talk show to defend their employer, said they were confident that Trump would make the payment. Bankers are worried that Trump may become hard-pressed to meet payments on his estimated $2 billion in bank loans if he goes ahead and makes the bond payment. As a result, they are seeking a deal before the bond payment is made.

Advertisement