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Caesars finalises restructuring support agreements with creditors

6th October 2016 7:34 am GMT
Caesars Entertainment

US casino operator Caesars Entertainment has moved a step closer to exiting bankruptcy after agreeing Restructuring Support Agreements (RSA) with all its major creditor groups.

Caesars said the signing of the RSAs represents "a key milestone" in its efforts to finalise a restructuring agreement and a step towards CEOC concluding its bankruptcy proceedings next year.

Caesars Entertainment Operating Co. (CEOC) filed for bankruptcy in January 2015 and has since been fending off a number of legal challenges from junior [...]

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