Beal Bank Bails Billionaire

Beal Bank Provides $100,000,000 Loan to Trump Hotels & Casino Resorts, Inc.

DALLAS, Nov. 30 /PRNewswire/ — Beal Bank (the ‘Bank’) announced today that it has provided $100 million in interim financing to Trump Hotels & Casino Resorts, Inc. as part of that company’s recapitalization plan. In announcing the transaction, Beal Bank’s Chairman and Chief Executive Officer, Andy Beal, said, ‘Trump Hotels & Casino Resorts, Inc. is run by one of America’s leading entrepreneurs, Donald J. Trump. We appreciate the opportunity to work with a businessman of his stature on this transaction, and we look forward to future transactions.’

I dunno. I just found it interesting. Plus I wanted to be alliterative.

Thanks to the Search Engine Lowdown for the tip.

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