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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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) AUGUST 28, 2000
PARK PLACE ENTERTAINMENT CORPORATION
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(Exact name of registrant as specified in its charter)
DELAWARE
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(State or other jurisdiction of incorporation)
1-14573 88-0400631
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(Commission File Number) (IRS Employer Identification No.)
3930 HOWARD HUGHES PARKWAY
LAS VEGAS, NEVADA 89109
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (702) 699-5000
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NOT APPLICABLE
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On August 28, 2000, the Registrant entered into agreements which modified
existing credit facilities. The existing $1.0 billion 364-day facility, which
expired at the end of August, was eliminated. The availability under this
facility had been permanently reduced to $115 million by the net proceeds from
$400 million of notes issued in November 1999 and $500 million of notes issued
in February 2000. The existing $2.0 billion 364-day facility, which also expired
at the end of August, was renewed for $1.9 billion for an additional 364-day
period. The existing $1.5 billion multi-year facility, which expires December
31, 2003, was increased to $2.0 billion for the remaining term. At August 28,
2000, approximately $3.1 billion in aggregate was outstanding under the modified
credit facilities.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PARK PLACE ENTERTAINMENT CORPORATION
Dated: September 7, 2000
By: /s/ SCOTT A. LAPORTA
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Name: Scott A. LaPorta
Title: Executive Vice President, Treasurer, and Chief Financial Officer
