Revel Casino's Reshuffle Secures Nod From Bankruptcy Court

Law360, New York (May 13, 2013, 7:08 PM EDT) -- Revel AC Inc. said Monday that a New Jersey federal bankruptcy court has confirmed its restructuring plan, clearing the way for the Atlantic City casino operator to emerge from bankruptcy by the end of May.

Revel issued a statement saying the bankruptcy court overseeing its Chapter 11 filing had confirmed its prepackaged plan to reorganize, which includes cutting the company's debt by more than 82 percent. The company also said it has secured $350 million in exit financing, comprised of a $75 million revolver to fund...
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