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Caesars offers creditors $4bn in bid to force through bankruptcy plan

19th May 2016 7:27 am GMT
Caesars Entertainment

Caesars Entertainment Operating Company (CEOC) has filed an amended plan of reorganisation in which it raises the amount its creditors can recover to $4bn, with the aim of securing support for its restructuring plans.

The company has filed a second amended plan of reorganisation with the US Bankruptcy Court for the Northern District of Illinois, which it says has been changed to take into account input from numerous parties after extensive negotiations.

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