As Caesars Entertainment prepares to emerge from Chapter 11, it is launching the syndication of a credit facility of up to $1.434 billion. Credit Suisse and Deutsche Bank are joint lead arrangers and bookrunners.

According to a related 8-K filing, the proceeds will be used to finance transactions in accordance with the company’s plan of reorganization.

The facility consists of up to $1.235 billion in aggregate principal amount of a seven-year senior secured term loan facility and up to $200 million in aggregate principal amount of five-year senior secured revolving credit facility.

Barclays, Citibank, Goldman Sachs, JPMorgan and Morgan Stanley are joint arrangers and bookrunners.