New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 12, 2014
11:23 EDTCZRCaesar's secures consent to amend indentures for 2016, 2017 notes
Caesars Entertainment Corporation (CZR) and Caesars Entertainment Operating Co. announced a transaction to purchase and retire $238M of CEOC's outstanding 2016 and 2017 notes held by third parties, with such notes representing 51% of each such class not held by affiliates of CEC. CEC has also agreed to contribute to CEOC for retirement $393M of CEOC 2016 and 2017 notes currently held by CEC subsidiaries. As part of the transaction, CEOC received agreement for consents to amendments of certain terms of the notes and the indentures governing the notes, including a consent to the release of CEC's debt guarantee. The proposed transaction, which exemplifies CEOC's constructive and ongoing dialogue with creditors, will reduce CEOC's debt by $548M and cut interest expense by $34M annually. "The transaction we are announcing today is the latest in a series of steps intended to deleverage CEOC and position it for a potential stock listing. The transaction will reduce CEOC's leverage and interest payments," said Gary Loveman, Chairman and CEO of Caesars Entertainment and Chairman of CEOC.
News For CZR From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 30, 2015
15:32 EDTCZRCaesar's says not yet able to reach pact with lenders regarding restructuring
Subscribe for More Information
09:33 EDTCZRNevada reports December Statewide gaming win down 8.1% to $950.69M
Subscribe for More Information
January 29, 2015
09:23 EDTCZRSenate Health, Education, Labor & Pensions Committee to hold a hearing
Subscribe for More Information
January 28, 2015
11:36 EDTCZRCaesar's unit bankruptcy proceedings to be heard in Chicago, Bloomberg says
Subscribe for More Information
11:19 EDTCZRCaesar's up over 4% after venue win for unit bankrutcy
Subscribe for More Information
11:10 EDTCZRCaesar's wins venue fight for casino unit bankruptcy, Dow Jones says
Subscribe for More Information
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
Subscribe for More Information
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

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use