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.

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