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Stock Market & Financial Investment News

News Breaks
June 18, 2014
06:11 EDTAPO, CZRAppaloosa, bondholders set to sue Caesars, NY Post reports
David Tepper's Appaloosa Management and a group of bondholders are set to file a lawsuit as early as today against Caesars Entertainment (CZR) in a move to stop Caesars from selling four of its casinos to another Caesars-owned entity for $2.2B, the New York Post reports, citing sources. The sale is likely to benefit Apollo (APO) and TPG, both Caesars shareholders that control Caesars entities. The suit is expected to claim that the sale is "fraudulent" and would make it "nearly impossible" for Caesars to pay down its $24B of debt. Reference Link
News For CZR;APO From The Last 14 Days
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January 28, 2015
11:36 EDTCZRCaesar's unit bankruptcy proceedings to be heard in Chicago, Bloomberg says
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11:19 EDTCZRCaesar's up over 4% after venue win for unit bankrutcy
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11:10 EDTCZRCaesar's wins venue fight for casino unit bankruptcy, Dow Jones says
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January 27, 2015
09:25 EDTAPOBlackstone raises energy-sector credit fund, Reuters says
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January 26, 2015
17:20 EDTCZRCaesar's: CEOC announces expiration of consent period for Bank RSA
On January 26, CEOC announced the expiration of the process for seeking consents from lenders under CEOCís credit agreement to support restructuring of CEOCís outstanding obligations and liabilities, which included consenting to the form of Restructuring Support and Forbearance Agreement that was provided to the lenders. The consent period for the Bank RSA expired at 5:00 p.m., New York City time, on January 26, and the Bank RSA has not become effective per its terms. The expiration of the consent period for the Bank RSA does not affect the Third Amended and Restated Restructuring Support and Forbearance Agreement, dated as of January 14, among CEC, CEOC and holders of claims in respect of CEOCís first lien notes, which remains in effect since becoming effective per its terms on January 9, 2015, as previously disclosed by CECís and CEOCís Current Reports on Form 8-K filed with the Securities and Exchange Commission on January 9.
06:58 EDTAPOCerberus may acquire newspaper group Digital First for $600M, Bloomberg says
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January 25, 2015
15:40 EDTAPO, CZRCaesar's sued for attempting to buy bank lendersí votes, Bloomberg says
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January 23, 2015
07:50 EDTAPOApollo having trouble securing financing for Presidio deal, Reuters says
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January 22, 2015
10:35 EDTCZROptions with decreasing implied volatility
Options with decreasing implied volatility: CZR ACHN NFLX SN NBR TLM CREE BBY LNCO BBRY
January 15, 2015
13:01 EDTCZRCaesars unit bankruptcy stayed by Delaware bankruptcy judge, Reuters says
The bankruptcy filing for a Caesars Entertainment unit was issued a stay by a judge in Delaware, Reuters reports. The judge, who says the stay applies only to the company's operating unit, noted that the stay won't bar Caesars from seeking interim "first-day" orders, Reuters reports. Reference Link
08:15 EDTCZR, APOApollo may have hard time with Caesar's 'fairness' test, Bloomberg says
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06:21 EDTCZRGoldman Sachs helped Apollo in Caesar's restructuring deal, NY Post reports
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05:32 EDTCZRCaesar's appoints Randall Eisenberg as Chief Restructuring Officer of CEOC
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05:31 EDTCZRCaesar's CEOC reports terms of restructuring
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05:28 EDTCZRCaesar's CEOC files for voluntary reorganization under Chapter 11 Bankruptcy
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05:26 EDTCZRCaesar's CEOC files for voluntary reorganization under Chapter 11 Bankruptcy
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