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June 30, 2014
11:12 EDTCZRCaesar's unit CEOC amends previously announced cash tender offers
Earlier today, Caesars Entertainment Corporation announced that its subsidiary, Caesars Entertainment Operating Company, CEOC, has amended its previously announced cash tender offers to purchase any and all of the outstanding $791,767,000 aggregate principal amount of its 5.625% Senior Notes due 2015 and any and all of the outstanding $214,800,000 aggregate principal amount of its 10.00% Second-Priority Senior Secured Notes due 2015. CEOC is extending the previously announced early tender time, which was 5:00 p.m., New York City time, on June 27, to 5:00 p.m., New York City time, on July 7. The Issuer is also extending the previously announced expiration time, which was 5:00 p.m., New York City time, on June 27, to 5:00 p.m., New York City time, on July 7, 2014. All other terms of the tender offers remain unchanged. Accordingly, holders of Notes who validly tender their Notes before the Expiration Time will be eligible to receive the previously announced total consideration of $1,048.75 for each $1,000 principal amount of the 5.625% Notes and $1,022.50 for each $1,000 principal amount of the 10.00% Notes. Shares of Caesars Entertainment are up over 2% in late morning trading.
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August 28, 2014
10:59 EDTCZRCaesar's in talks with creditors to restructure debt load, NY Post reports
The New York Post reports that Caesar's has been in talks to restructure its debt load with its senior creditors. According to sources, the talks would likely give the debt holders positions in the "two newly created pieces of Caesars that hold the most promising assets," which includes the company's online gaming business. Reference Link
09:32 EDTCZRNevada reports July statewide gaming win up 0.65% to $931.8M
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