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Casino operator Caesars agrees debt restructuring plan

22nd December 2014 9:51 am GMT

Casino operator Caesars Entertainment Operating Company (CEOC), a subsidiary of Caesars Entertainment, has announced an agreement with its first lien noteholders steering committee regarding the terms of a financial restructuring plan.

The company said the proposed plan, which will see it separate virtually all of its US-based gaming operating assets and real property assets into two companies, will significantly reduce long-term debt and annual interest payments. "The planned restructuring of CEOC will [...]

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