Casino operator Caesars Entertainment Operating Company (CEOC), a subsidiary of Caesars Entertainment, has announced an agreement with its first lien noteholders steering committee regarding the terms of a financial restructuring plan.
The company said the proposed plan, which will see it separate virtually all of its US-based gaming operating assets and real property assets into two companies, will significantly reduce long-term debt and annual interest payments.
"The planned restructuring of CEOC will allow us to establish [...]
