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Published on 8/15/2005 in the Prospect News Convertibles Daily.

Harrah's receives no tenders of convertibles

New York, Aug. 15 - Harrah's Entertainment, Inc. said its Harrah's Operating Co., Inc. subsidiary received no tenders of its floating-rate contingent convertible senior notes due 2024 originally issued by Caesars Entertainment, Inc. under the change-of-control tender offer.

The tender ended at 5 p.m. ET on Aug. 12.

The Las Vegas-based gaming company was offering par plus accrued interest up to but excluding the payment date for the notes.

The tender, announced July 13, was required under the change-of-control provisions of the convertibles' indenture.


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