Prospect News: News for Revel AC Inc.

E-mail us: service@prospectnews.com Or call: 212 374 2800

Bank Loans - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products

Add to balance / Manage account

Not logged in

Prospect News home > Main news index > All issuers starting with R > Issuers starting with R, DD only > All stories on Revel AC Inc. > Stories on Revel AC Inc., DD only

Search again

Enter part or all of the issuer name:

Market:

All markets No structured products Bank loans Canadian bonds CLOs Convertibles Distressed debt Emerging markets High yield Investment grade Liability management Municipals PIPEs Preferreds Private placements All leveraged markets Structured products

Market: BK = Bank loans, CV = Convertibles, DD = Distressed Debt, EM = Emerging Markets, HY = High Yield, IG = Investment Grade, LM = Liability Management, MU = Municipals, PP = PIPEs, PF = Preferreds, PV = Private Placements, SP = Structured Products
Recent items, highlighted in orange, are $4.00 each. All others are $1.00 each. Headlines in gray are not currently covered by your subscription.

Revel AC Inc.

2/26/2016	DD	Revel trustee counsel requests mediation to resolve asbestos claims
12/1/2015	DD	Revel AC court may close Chapter 11 case if company fails to object
7/21/2015	DD	Revel AC shows June EBITDA of $356, no revenue as wind-down continues
7/8/2015	DD	Revel sees negative $1 million of EBITDA in May, revenue of $103,219
6/29/2015	DD	Revel AC granted court confirmation of amended plan of reorganization
6/26/2015	DD	Revel to pay more than $8.4 million in cash, claims under agreements
6/24/2015	DD	Revel complaint dismissal motion denied; tenant elections deemed valid
6/23/2015	DD	Revel AC posts negative EBITDA of $1.13 million for April; revenue up
6/2/2015	DD	Revel creditor: Plan lacks proof company can pay administrative claims
5/6/2015	DD	Revel AC receives court endorsement of amended disclosure statement
5/6/2015	DD	Revel AC shows negative $4.47 million of EBITDA in March, zero revenue
5/4/2015	DD	Revel AC’s reorganization plan confirmation hearing to start June 9
5/1/2015	DD	Revel AC creditor ACR Energy Partners objects to ‘unconfirmable’ plan
4/23/2015	DD	Revel AC court approves two-month plan solicitation period extension
4/21/2015	DD	Revel AC proposes amended reorganization plan to distribute proceeds
4/16/2015	DD	Revel disclosure statement hearing postponed again, now set for May 4
4/10/2015	DD	Revel AC sees negative $4.54 of EBITDA in February, revenue of $28,053
4/7/2015	DD	Revel AC closes $82 million sale of assets to Polo North Country Club
4/6/2015	DD	Revel AC wins approval of $82 million sale of assets to Polo North
3/31/2015	DD	Revel AC looks to extend exclusive plan voting period through June 30
3/20/2015	DD	Revel, Polo North to try again for approval of $82 million sale deal
3/16/2015	DD	Revel AC sees negative $4.84 million of EBITDA for January; revenue up
3/13/2015	DD	Revel AC court denies $82 million sale; disclosure hearing pushed back
2/26/2015	DD	Revel AC secured creditor objects to revised sale deal with Polo North
2/25/2015	DD	Revel creditor ACR eyes case conversion, cites ‘flawed’ sale agreement
2/24/2015	DD	Revel AC accepts offer of $82 million from Polo North for asset sale
2/19/2015	DD	Revel AC allowed to terminate $95.4 million asset sale to Polo North
2/19/2015	DD	Revel AC shows negative EBITDA of $1.39 million during December period
2/17/2015	DD	Judge to rule on Revel AC asset purchase deal termination on Thursday
2/13/2015	DD	Revel AC buyer’s motion for extension of sale closing denied by court
2/11/2015	DD	Revel AC allowed extra two months to solicit reorganization plan votes
2/10/2015	DD	Revel AC asks court to terminate $95.4 million asset sale agreement
2/2/2015	DD	Revel AC given final access to $71 million DIP loan, cash collateral
1/26/2015	DD	Revel AC sees negative $8.11 million of EBITDA in November; revenue down
1/23/2015	DD	Revel AC plan disclosure statement hearing pushed back to Feb. 11
1/22/2015	DD	Revel AC eyes extra two months to solicit votes on reorganization plan
1/21/2015	DD	Revel tenants’ request for stay of sale order denied by district court
1/13/2015	DD	Revel AC sale approval stay motions denied by bankruptcy court
1/12/2015	DD	Revel AC sees negative $8.12 million of EBITDA in October, revenue down
1/5/2015	DD	Revel AC gets court OK on $95.4 million sale of assets to Polo North
12/31/2014	DD	Revel AC requests another stretch of plan vote solicitation period
12/30/2014	DD	Revel AC $26 million tax settlement, $21 million DIP increase allowed
12/24/2014	DD	Revel AC asset bidder Polo North looks to reduce offer or void auction
12/24/2014	DD	Revel AC eyes $21 million to fund operations and settlement payment
12/24/2014	DD	Revel AC to pay $26 million under 2014 property tax value settlement
12/15/2014	DD	Revel AC court allows shortened extension of plan solicitation period
12/12/2014	DD	Revel ends Brookfield sale deal; court to OK $95 million back-up bid
12/10/2014	DD	Revel to exit sale deal with Brookfield, looks to fix Polo North sale
11/26/2014	DD	Revel AC posts negative $9.56 million of EBITDA for September period
11/18/2014	DD	Revel AC asks court for extension of plan solicitation period to March
11/14/2014	DD	Revel AC creditor committee seeks denial of $125 million DIP facility
11/10/2014	DD	Revel AC disclosure statement approval hearing continued to Dec. 8
11/6/2014	DD	Revel AC creditor objects to ‘unprecedented’ proposed DIP facility
10/27/2014	DD	Revel AC gets extended interim access to $28.7 million of DIP loan
10/21/2014	DD	Revel AC stalking horse Polo North denied request for new sale auction
10/17/2014	DD	Revel AC sees negative $267,193 of EBITDA for August operating period
10/17/2014	DD	Revel AC ousted bidder Polo North appeals court approval of asset sale
10/7/2014	DD	Revel AC $110 million sale to Brookfield approved, objections denied
10/6/2014	DD	Revel AC stalking horse objects to winning $110 million Brookfield bid
10/3/2014	DD	Revel AC disclosure statement approval hearing continued to Oct. 20
10/1/2014	DD	Revel AC names $110 million winning bid for assets; Polo North ousted
9/30/2014	DD	Revel AC stalking horse demands halt of auction, figures on other bids
9/25/2014	DD	Revel auction now scheduled for Tuesday; hearings continued to Oct. 7
9/25/2014	DD	Revel AC sees negative $2.5 million of EBITDA for month ended July 31
9/22/2014	DD	Revel AC gets extended interim access to $25 million of DIP financing
9/15/2014	DD	Revel AC wins court approval of amended bid procedures, breakup fee
9/12/2014	DD	Revel U.S. Trustee opposes break-up fee, seeks bid deadline extension
9/10/2014	DD	Revel AC secures $90 million lead bid for substantially all assets
9/4/2014	DD	Revel AC wins access to $25 million of DIP loan through Sept. 15
8/29/2014	DD	Revel AC U.S. trustee assigns six to committee of unsecured creditors
8/28/2014	DD	Revel AC asset sale and disclosure hearings pushed back to Sept. 15
8/26/2014	DD	Revel AC to cease gaming operations and close to public on Sept. 2
8/21/2014	DD	Revel AC granted access to $25 million of DIP loan through Sept. 2
8/19/2014	DD	Revel AC court approves settlements resolving $23 million of claims
8/13/2014	DD	Revel AC tenants request conference to address sale status, future
8/12/2014	DD	Revel AC to cease casino and hotel operations no later than Sept. 10
8/7/2014	DD	Revel AC auction for sale of assets pushed to Aug. 14 to evaluate bids
8/4/2014	DD	Revel AC reaches settlements on $23.6 million of construction claims
7/31/2014	DD	Revel AC wins access to $25 million under amended interim loan order
7/28/2014	DD	Revel AC creditors committee gets OK to hire legal, financial adviser
7/17/2014	DD	Revel AC creditors committee looks to hire counsel, financial adviser
7/14/2014	DD	Revel AC court approves bid procedures for asset sale; hearing Aug. 8
7/9/2014	DD	Revel AC creditors’ committee: Sale procedures only benefit lenders
6/20/2014	DD	Revel AC files sale-based plan, details terms of $125 million DIP loan
6/19/2014	BKDDHY	Revel AC returns to bankruptcy to address liquidity woes, sell assets
5/21/2013	DD	Revel AC completes financial restructuring, emerges from Chapter 11
5/13/2013	DD	Revel AC expects to emerge from bankruptcy by end of May following plan's confirmation
5/7/2013	DD	Revel AC reports $206.11 million operating loss for year ended Dec. 31
4/19/2013	DD	Revel AC committee disbanded by U.S. Trustee following company motion
4/18/2013	DD	Revel AC asks court to disband creditors committee, cites plan support
4/18/2013	DD	Revel AC gets final approval for $250 million DIP financing facility
4/3/2013	DD	Revel AC accused of patent infringement in Ravel trademark lawsuit
3/27/2013	BKDDHY	Revel AC, debtholders extend restructuring support agreement deadlines
3/27/2013	DD	Revel AC receives interim access to $20 million of DIP financing
3/26/2013	BKDDHY	Moody's downgrades Revel
3/26/2013	BKDDHY	Revel AC files pre-packaged bankruptcy case to swap debt for equity
3/22/2013	BKDD	Revel AC seventh credit facility amendment extends liquidity threshold
3/19/2013	BKDDHY	Revel AC interim CEO Jeffrey Hartmann receives regulatory approval
3/15/2013	BKDD	Revel AC credit agreement amended to allow competitor participations
3/13/2013	BKDDHY	Revel AC plans March 22 bankruptcy filing; Hartmann named interim CEO
2/21/2013	DD	Market Commentary: Clear Channel bonds mixed on new issue; Sorenson slips on term loan launch; Kodak holds ground
2/20/2013	DD	Market Commentary: Distressed market sees strength; Ameren posts loss, bonds firm; Kodak funding due Thursday
2/20/2013	BKDD	S&P downgrades Revel
2/20/2013	BKDDHY	Revel to file pre-packaged bankruptcy to complete debt-for-equity swap
1/16/2013	BKDD	S&P lowers Revel AC loan
8/17/2012	BKDD	S&P cuts Revel, recovery

©2025 Prospect News. This page is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies, faxing, photocopying or any other form of reproduction.