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Caesars amends restructuring support deal with largest lenders

3rd August 2015 11:41 am GMT
Caesars Entertainment

Caesars Entertainment Corporation has reached an amended restructuring support agreement (RSA) with its first-lien noteholders as it attempts to reduce the long-term debt at its operating subsidiary Caesars Entertainment Operating Company (CEOC) .

The deal follows the signing of a similar agreement with its second-lien noteholders, and reaffirms the support of CEOC’s largest creditors, providing a continued platform for a consensual restructuring, the company said.

The noteholders, Caesars and CEOC have revised a number [...]

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