Caesars Entertainment continues to press ahead with plans to restructure its Caesars Entertainment Operating Company (CEOC) subsidiary, agreeing an amended plan of reorganisation with the majority of its senior creditors.

The reorganisation plan has been filed with the United States Bankruptcy Court for the Northern District of Illinois, and is supported by holders of more than 80 per cent of CEOC’s First Lien bank debt and first lien notes. The new plan also provides for enhanced recoveries to the subsidiary’s junior creditors.

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