Daily News: September 19, 2013

Bloomberg: Citigroup Arranging Caesars $4.85B Refinancing

Bloomberg reported that Caesars Entertainment, the largest owner of U.S. casinos, is raising $4.85 billion in bonds and loans to refinance debt, according to an SEC filing dated September 18, 2013.

Bloomberg reported Citigroup is arranging a $3 billion term loan for the company as well as a $269.5 million revolving credit facility, according to a Bloomberg source who asked not to be identified.

To read the entire Bloomberg story, click here.