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Prospect News home > News index > List of issuers Tenders > Headlines for 2014 > News item
Published on 10/29/2014 in the Prospect News Bank Loan Daily, Prospect News High Yield Daily and Prospect News Liability Management Daily.

Caesars looks to restructure three note series, senior secured loans

By Susanna Moon

Chicago, Oct. 29 – Caesars Entertainment Corp. and majority-owned subsidiary Caesars Entertainment Operating Co., Inc. are in talks with holders to restructure the subsidiary’s debt, according to an 8-K filed Friday with the Securities and Exchange Commission.

The company is looking to restructure the subsidiary’s 11¼% senior secured notes due 2017, 8½% senior secured notes due 2020, 9% senior secured notes due 2020 and its senior secured credit facilities.

In those talks, the companies said they have provided confidential information to the first-lien creditors under non-disclosure agreements.

Caesars is a Las Vegas-based casino-entertainment company.


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