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Prospect News home > News index > List of issuers Tenders > Headlines for 2021 > News item
Published on 9/9/2021 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Caesars Entertainment to redeem $500 million of 5¼% notes due 2025

By Mary-Katherine Stinson

Lexington, Ky., Sept. 9 – Caesars Resort Collection, LLC and CRC Finco, Inc., both subsidiaries of Caesars Entertainment Inc., have announced a partial redemption for $500 million of their outstanding 5¼% senior notes due 2025, according to an 8-K filing with the Securities and Exchange Commission.

As of June 30, there was a total of $1.7 billion principle outstanding.

The redemption price will be 101.313 plus accrued and unpaid interest.

The notes will be redeemed Oct. 15.

Deutsche Bank is the trustee for the notes and is the paying agent.

Caesars is a Las Vegas-based full-service gaming and entertainment company.


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