All Bets Are On For Harrah's Deal. (cover story)

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    • Subject Terms:
      APOLLO Management Holdings LP 046541889 ; TEXAS Pacific Group (Company) ; HARRAH'S Entertainment Inc. HET
    • Abstract:
      The article provides information on the deal being made by Apollo Management LLC and Texas Pacific Group to acquire the casino company, Harrah's Entertainment Inc. The acquisition, which is being arranged by several banks including Deutsche Bank and Banc of America securities, will include a $5.87 billion equity contribution from the private equity firms, a $7 billion secured seven-year term loan, a $6.025 billion bond issue and 7.25 billion in commercial mortgage-backed securities.