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Caesars shares jump on new restructuring agreement with lenders

24th August 2015 7:20 am GMT
Caesars Entertainment

Caesars Entertainment Corporation took a major step towards restructuring its bankrupt Caesars Entertainment Operating Company (CEOC) subsidiary, agreeing a new bank restructuring support deal with its largest lenders.

The agreement with the First Lien Bank Lenders is effective immediately and secures the support of CEOC’s largest and most senior creditor constituencies, representing a key milestone in the company's efforts to implement a consensual restructuring of the bankrupt operating division.

Caesars filed for bankruptcy protection in January this year in a [...]

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