Caesars Entertainment to launch $1.75 billion term loan B on Monday

By Sara Rosenberg

New York, Jan. 20 – Caesars Entertainment Inc. is scheduled to hold a lender call at 1:30 p.m. ET on Monday to launch a $1.75 billion seven-year term loan B, according to a market source.

JPMorgan Chase Bank is the left lead arranger on the deal.

Commitments are due at noon ET on Thursday, the source added.

Proceeds will be used to help repay Caesars Resort Collection LLC’s existing term B due 2024.

Caesars is a Reno, Nev.-based gaming and entertainment company.

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