The vast majority of the $1.8 billion debt is in junk bonds, it has been from day one.
From what I have read elsewhere, there are negotiations underway to restructure the debt.
This includes having the Donald give up controlling of the interest of the casinos but to remain as president and COO.
There was also talk if the bonds could be restructured there would be in influx of $400 million that was to be provided for capital improvements.
It is my understanding that the stumbling block ar present is the Trump Marina bonds which are seperate from the other two properties.
The present rate being paid on these bonds is somewhere around 11-12%

There is no question that the Borgata has hurt Trump's bottom line but I personally feel that when the smoke clears, The Donald once again will come out smelling like a rose.