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May 7, 2014
07:37 EDTCACQCaesars Acquisition reports Q1 EPS 2c, may not be comparable to one estimate 47c
Reports Q1 revenue $226.3M, one estimate $201M.
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November 24, 2014
10:49 EDTCACQCaesar's unit receives default notice from trustee for 1st lien note holders
Caesar's disclosed in a filing earlier, that On November 21, CEOC received a Notice of Default from UMB Bank, National Association, as successor trustee to U.S. Bank National Association , under the Indenture, dated as of February 14, 2012, by and among CEOC, CEC and the Trustee, relating to CEOCís outstanding first-priority senior secured notes issued under the First Lien Notes Indenture. CEOC is party to an amended and restated collateral agreement, dated as of June 10, 2009 by and among CEOC, the subsidiaries of CEOC party thereto and Credit Suisse AG, Cayman Islands Branch, as successor collateral agent to Bank of America, N.A. The Trusteeís claims in the Notice are substantially similar to the claims made by the noteholders and the trustee of CEOCís second-priority senior secured notes issued under the Indenture, dated April 15, 2009, by and among CEOC, CEC and Wilmington Savings Fund Society, FSB, as successor trustee, and under the Indenture, dated December 24, 2008, among CEOC, CEC and Delaware Trust Company, as successor trustee, as previously disclosed in CECís and CEOCís Current Reports on Form 8-K dated June 6 and October 17. There is approximately $1.25B of Notes outstanding under the First Lien Notes Indenture. Under certain circumstances, the holders of at least 30% in principal amount of outstanding Notes may accelerate CEOCís obligations under the Notes upon an actual event of default under the First Lien Notes Indenture and may, after providing the Trustee reasonable security or indemnity satisfactory to the Trustee against any loss, liability or expense, request the Trustee to pursue remedies, which are subject to the terms of the agreements governing the Notes, including applicable intercreditor agreements. With respect to the Alleged Transaction Defaults, as is the case with respect to the Prior Second Lien Claims, CEOC does not believe that a default or an event of default has occurred under the First Lien Notes Indenture and, furthermore, CEOC believes that such claims are meritless.

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