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Caesars seals new agreement with second-lien noteholders

21st July 2015 10:06 am GMT
Caesars Entertainment

Casino giant Caesars Entertainment Corporation has finalised a deal with a number of its second-lien note holders, further expanding the group of creditors supporting the operator’s restructuring plan for its Caesars Entertainment Operating Company (CEOC) subsidiary.

The agreement becomes effective when the holders of more than 50 per cent of the operator’s second-lien debt sign the agreement, and will ensure that the noteholders have a substantial improvement in recoveries.

The announcement came on the same day that [...]

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