Wednesday, October 18, 2006
Source: news.moneycentral.msn.com
American Real Estate Partners LP, whose property include condominiums, hotels and golf courses, said Wednesday a subsidiary withdrew its previously announced offering of $250 million in senior floating rate notes.
The company did not give a reason in a release. Last month, it had said it plans to use proceeds from the offering to pay a dividend to the parent company and to pay fees and expenses of the offering, subject to approval from Nevada gaming authorities.
American Real Estate Partners LP, whose property include condominiums, hotels and golf courses, said Wednesday a subsidiary withdrew its previously announced offering of $250 million in senior floating rate notes.
The company did not give a reason in a release. Last month, it had said it plans to use proceeds from the offering to pay a dividend to the parent company and to pay fees and expenses of the offering, subject to approval from Nevada gaming authorities.
posted by nisha
@ 11:20 PM
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