Credit Suisse Agents $265MM Add-On for Caesars

Caesars Entertainment completed its previously announced $265 million incremental term loan facility as an add-on to CEOC’s existing $1.435 billion of senior secured credit facilities.

Credit Suisse Agents $1.43B Facility for Caesars

Caesars Entertainment and its Chapter 11 debtor subsidiaries finalized pricing of $1.435 billion of senior secured credit facilities, consisting of a $1.235 billion seven-year senior secured term loan facility and a $200 million five-year senior secured revolving credit facility.

Credit Suisse, Deutsche Lead Caesars $1.4B Facility

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.

Credit Suisse Agents $1.23B Term Loan for Caesars Entertainment

Caesars Entertainment Operating Company secured committed financing agreements for proposed new senior secured credit facilities, comprising up to $1,235 million. Credit Suisse is serving as administrative agent.

Caesars Gets Extension to Keep Control of Bankruptcy

A judge reportedly allowed the operating unit of Caesars Entertainment to control its bankruptcy for another month, as creditors try to reach common ground with a court-appointed investigator probing the company’s pre-bankruptcy dealings.

Creditors, Caesars Clash Over Bankruptcy Control

Creditors of Caesars’ bankrupt operating unit reportedly wanted to stop the company from extending the period when it has exclusive control of its Chapter 11 reorganization so other plans could be proposed.

Caesars Wants Bankruptcy Judge to Halt Suits Against Parent

Caesars is reportedly seeking bankruptcy court approval to halt four creditor lawsuits brought against the company’s non-bankrupt parent for asset transfers made before CEOC’s Chapter 11 filing.

Caesars Accused in Lawsuit of Trying to Buy Lenders Votes

Caesars Entertainment was reportedly accused by bank lenders of trying to buy their votes and subverting bankruptcy law.

Judge Criticizes Caesars Over Restructuring

Caesars Entertainment reportedly may have violated federal law when it shuffled its casino assets, a federal judge said in a ruling that could complicate the casino company’s bankruptcy restructuring efforts.

Judge Deals Caesars Bankruptcy Possible Fatal Blow

A judge reportedly dealt Caesars Entertainment’s bankruptcy reorganization a possible fatal blow in ruling the company violated federal law when it shuffled assets and refinanced debt as part of an alleged scheme to protect itself from lower-ranking creditors.