Caesars Accused in Lawsuit of Trying to Buy Lenders Votes
Bloomberg reported Caesars Entertainment, which has been gathering support for a plan backed by Leon Black’s Apollo Global Management (APO), was accused by bank lenders of trying to buy their votes and subverting bankruptcy law.
According to Bloomberg, the lenders, including GSO Capital Partners, Silver Point Capital and BlackRock Financial Management, asked a judge to bar the casino company from handing out fees to obtain votes, according to a court filing in Wilmington, DE.
To read the entire Bloomberg article, click here.
Previously on abfjournal: Judge Criticizes Caesars Over Restructuring, January 20, 2015