TRUMP PLAZA FUNDING INC
8-K, 1996-02-01
MISCELLANEOUS AMUSEMENT & RECREATION
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<PAGE>
 
                       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):  January 31, 1996

                           TRUMP PLAZA FUNDING, INC.
                    ---------------------------------------
            (Exact name of registrant as specified in its charter)

      New Jersey                        2-0219                13-3339198  
- ----------------------------    ------------------------  -------------------
(State or other jurisdiction    (Commission File Number)  (I.R.S. Employer
      of incorporation)                                   Identification No.)
 
      Mississippi Avenue and The Boardwalk
           Atlantic City, New Jersey                            08401
- -----------------------------------------------------      --------------
   (Address of principal executive offices)                   (Zip Code)
 
Registrant's telephone number, including area code: (609) 441-6526

                            TRUMP PLAZA ASSOCIATES
                 --------------------------------------------
            (Exact name of registrant as specified in its charter)
 
      New Jersey                     033-04604-01              22-3241643
- ----------------------------    ------------------------  -------------------
(State or other jurisdiction    (Commission File Number)  (I.R.S. Employer
      of incorporation)                                   Identification No.)
 
      Mississippi Avenue and The Boardwalk
           Atlantic City, New Jersey                            08401
- -----------------------------------------------------      --------------
(Address of principal executive offices)                     (Zip Code)
 
Registrant's telephone number, including area code: (609) 441-6526
<PAGE>
 
ITEM 1 TO ITEM 4:  None.


ITEM 5:  Other Events.
         ------------ 

In connection with the proposed merger (the "Merger") of THCR Merger Corp., a 
wholly owned subsidiary of Trump Hotels & Casino Resorts, Inc. ("THCR"), with 
and into Taj Mahal Holding Corp. ("Taj Holding"), all of the outstanding 10 7/8%
Mortgage Notes due 2001 of Trump Plaza Funding, Inc. will be purchased and/or 
defeased (the "Plaza Note Purchase"). The Plaza Note Purchase is contingent upon
consummation of the Merger and the other transactions contemplated thereby.

Reference is made to the joint press release of THCR and Taj Holding, dated 
February 1, 1996, attached as an Exhibit hereto. The Exhibit is incorporated 
herein by reference.

ITEM 6 TO ITEM 8:  None.
<PAGE>
 
                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, each
registrant has duly caused this Current Report to be signed on its behalf by the
undersigned hereunto duly authorized.

                              TRUMP PLAZA FUNDING, INC.



February 1, 1996                      /s/ Nicholas L. Ribis
                                      ----------------------------------------
                                By:   Nicholas L. Ribis
                              Title:  Vice President



                              TRUMP PLAZA ASSOCIATES

                                By: Trump Plaza Funding, Inc.
                                    its Managing General Partner


February 1, 1996                      /s/ Nicholas L. Ribis
                                      ----------------------------------------
                                By:   Nicholas L. Ribis
                              Title:  Vice President
<PAGE>
 
                                 EXHIBIT INDEX

                                         Sequentially
Exhibit No.    Description               Numbered Page
- -----------    ------------              -------------

99.1           News Release of Trump
               Hotels & Casino Resorts, Inc. 
               and Taj Mahal Holding Corp., 
               dated February 1, 1996

<PAGE>
 
                                                                    EXHIBIT 99.1

                                 NEWS RELEASE

FROM:   The Marcus Group, Inc.          Contact:  Alan C. Marcus

        500 Plaza Drive                       
        Secaucus, NJ  07096-3309                (O):  (201) 902-9000
FOR:    Trump Hotels & Casino Resorts, Inc.

        and

        Taj Mahal Holding Corp.

For Immediate Release:  February 1, 1996

        NEW YORK -- Trump Hotels & Casino Resorts, Inc. (NYSE:DJT) and Taj Mahal
Holding Corp. today jointly announced the execution of an amendment to the 
previously announced agreement to add the Trump Taj Mahal Casino Resort in 
Atlantic City, NJ, to the publicly traded company's holdings. The amendment 
provides for the issuance of new mortgage notes of the holding company that will
directly own and operate the Taj Mahal and the Trump Plaza Hotel and Casino
following the merger.
        The proceeds of the mortgage note offering, together with the proceeds 
of the offering of common stock of Trump Hotels & Casino Resorts, Inc. (THCR) 
and available cash, will be used, among other things, to redeem Taj Fundings' 
outstanding 11.35% Mortgage Bonds, Series A due 1999, as previously announced, 
as well as to purchase Trump Plaza's outstanding 10 7/8% Mortgage Notes due 
2001.
        "The merger and the refinancings will enhance THCR's ability to fully 
realize the synergies of the combined entity, as well as to more efficiently
utilize the cash flows of the Taj Mahal and Trump Plaza on a combined basis to
fund future projects," said Nicholas L. Ribis, THCR president and chief
executive officer. "Our objective of creating one of the largest
casino/entertainment companies in the United States that is both financially and
operationally streamlined, as well as highly competitive, will be furthered as a
result of these transactions."
        The merger is conditioned upon, among other things, the consummation of 
the debt and stock offerings, the receipt of shareholder and bondholder 
approval, the price of THCR Common Stock not being less than $20 per share at 
the time of the merger, and the receipt of necessary regulatory and third party 
consents and approvals.


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