OTHER NEWS - Feb. 23, 1993
From Times Staff and Wire Reports
Trump, Banks Reportedly Reach Deal on Debt: Donald Trump has reached an agreement with bankers that could relieve him of $190 million in personal debt within two years and end bank supervision of his business activities, the Wall Street Journal reported. The real estate developer would pull $50 million from a refinancing of one of his casinos to retire $95 million of the debt, and banks would allow him to pay down the remaining $95 million at 50% to 66% of face value, the paper said, citing unnamed sources.
