According to Bloomberg.com: Kerzner International Holdings Ltd., the company that built the Atlantis resorts in the Bahamas and Dubai, is in talks with creditors to extend maturities on $2.78 billion of mortgages due next month, according to three people familiar with the discussions.

Holders of commercial mortgage-backed securities may receive more than $100 million of principal in exchange for the two-year extension, said the people, who asked not to be named because the talks are private. Kerzner may default on the debt, due Sept. 9, unless a deal is reached, the people said. It received a waiver on its operating company debt earlier this year, one of the people said.