Caesars Entertainment may redeem up to $150 million debt via offering

By Tali David

Minneapolis, Dec. 5 - Caesars Entertainment Corp. may use the proceeds from its new note issue to repurchase in the open market a portion of Caesars Entertainment Operating Co., Inc.'s outstanding debt, the company announced in a press release.

Proceeds will also be used for related offer fees and expenses and for general corporate purposes.

Caesars Entertainment Operating may use up to $150 million of the proceeds of the offering to retire outstanding debt based on prevailing prices and market considerations existing at the time, the release said.

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

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