Park Place sells $400 million of 7-year notes
Wednesday, Nov. 10, 1999 | 10:56 a.m.
Park Place Entertainment Corp. of Las Vegas sold $400 million of seven-year notes yielding 8.69 percent Tuesday.
The notes, which received medium-grade ratings from Moody's Investors Services and Standards & Poor's, sold through Banc of America Securities and Merrill Lynch & Co.
Proceeds will be used to pay down bank debt, a Park Place official said today.
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