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August 5, 2014
09:27 EDTCZRCaesar's and it subsidiary filed suit against certain institutional investors
Caesars Entertainment and its subsidiary, Caesars Entertainment Operating Company, filed suit in the Supreme Court of New York, New York County against certain institutional investors who they believe have sought to injure them by attempting to thwart CEOC's restructuring efforts through actions apparently designed to push CEOC into default. The complaint states that Caesars and CEOC believe some creditors are motivated to act against the best interest of the enterprise and other creditors to inflate the value of credit default swap positions or improve other unique securities positions. The complaint names certain institutional investors who hold second-lien notes issued by CEOC, along with Elliott Management, which holds first-lien notes.
News For CZR From The Last 14 Days
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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.
January 25, 2015
15:40 EDTCZRCaesar's sued for attempting to buy bank lendersí votes, Bloomberg 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 EDTCZRApollo 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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January 14, 2015
14:02 EDTCZRNew Jersey reports Atlantic City gaming win down 11.2% to $190.5M in December
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12:43 EDTCZRCaesar's volatility increases on unit to file bankruptcy, report
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12:13 EDTCZRCaesar's unit to file bankruptcy tomorrow in Chicago, Bloomberg reports
Caesars Entertainment announced in a court filing today that it will put its main operating unit, Caesars Entertainment Operating Co., into bankruptcy tomorrow in Chicago, in dispute of a rival bankruptcy suit filed by Caesars' junior bondholders earlier this week, reported Bloomberg. Reference Link
06:25 EDTCZRCaesar's unit expected to file own Chapter 11 bankruptcy petition, WSJ reports
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