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.
April 15, 2015
17:41 EDTCZRCaesar's close to deal over anti-money laundering lapses, Reuters says
According to sources, The U.S. Treasury Department's anti-money laundering unit is close to issuing a civil penalty to Caesars Entertainment over anti-money laundering lapses discovered during a lengthy probe, Reuters reports. Reference Link
April 14, 2015
14:05 EDTCZRNJ Gaming reports March total Win $203.9M vs. $199.3M a year ago
Subscribe for More Information

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