UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): September 29, 2006
TRUMP ENTERTAINMENT RESORTS, INC.
TRUMP ENTERTAINMENT RESORTS HOLDINGS, L.P.
TRUMP ENTERTAINMENT RESORTS FUNDING, INC.
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(Exact Name of Registrants as Specified in Their Charters)
Delaware
Delaware
Delaware
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(State or Other Jurisdiction of Incorporation)
1-13794 13-3818402
33-90786 13-3818407
33-90786-01 13-3818405
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(Commission File Number) (IRS Employer Identification No.)
1000 Boardwalk at Virginia Avenue
Atlantic City, New Jersey 08401
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(Address of Principal Executive Offices) (Zip Code)
609-449-6515
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On September 29, 2006, Trump Entertainment Resorts Holdings, L.P.
("TERH"), a wholly-owned subsidiary of Trump Entertainment Resorts, Inc. ("TER,"
and together with TERH and TER's other subsidiaries, the "Company") entered into
Amendment No. 2 to its Credit Agreement dated as of September 28, 2006 (the
"Amendment"),amending its Credit Agreement dated as of May 20, 2005 (as amended
by Amendment No. 1 dated as of December 21, 2005) (the "Credit Agreement").
Under the terms of the Amendment, the Company refinanced its existing
Term Loan B with a new Term Loan B having a draw period extending to May 2007,
six months later than under the current Term Loan B. The Amendment also includes
a modified definition of "EBITDA" for financial covenant purposes. Under the new
definition, the Company is allowed to add $8,000,000 of foregone EBITDA in the
quarter ending September 30, 2006 to adjust for the impact of the closing of the
Company's Atlantic City, New Jersey gaming operations as mandated by the New
Jersey Casino Control Commission in July 2006. All other terms and conditions of
the Credit Agreement remained unchanged.
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Pursuant to the requirements of the Securities Exchange Act of 1934,
each of the Registrants has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Date: October 5, 2006
TRUMP ENTERTAINMENT RESORTS, INC.
By: /s/ John P. Burke
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Name: John P. Burke
Title: Executive Vice President and
Corporate Treasurer
TRUMP ENTERTAINMENT RESORTS HOLDINGS,
L.P.
By: /s/ John P. Burke
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Name: John P. Burke
Title: Executive Vice President and
Corporate Treasurer
TRUMP ENTERTAINMENT RESORTS FUNDING,
INC.
By: /s/ John P. Burke
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Name: John P. Burke
Title: Corporate Treasurer
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