---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-258242"
form_type: "8-K"
ticker: "CZR"
cik: "0001590895"
company_name: "Caesars Entertainment, Inc."
filed_at: "2022-10-05T23:59:59+00:00"
generated_at: "2026-06-23T05:22:10.351351+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Caesars enters $750M Term A Loan, ups revolver to $2.25B, extends maturities to 2028

## Summary
- Incurred $750M senior secured Term A Loan maturing January 2028; quarterly amortization of 1.25% of original principal.
- Revolving Credit Facility increased to $2.25B and extended to January 2028, with a $388M letter of credit subfacility.
- Term A Loan proceeds used to prepay $750M of Caesars Resort Collection term B loans due 2024.
- Interest at Adjusted Term SOFR + 2.25% or Base Rate + 1.25%, with three step-downs based on net total leverage.
- New maintenance covenants: max net total leverage ratio 7.25x stepping down to 6.50x; min cash interest coverage 1.75x stepping up to 2.00x.

## SEC filing metadata
- accession: 0001193125-22-258242
- form_type: 8-K
- ticker: CZR
- cik: 0001590895
- company_name: Caesars Entertainment, Inc.
- filed_at: 2022-10-05T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590895/000119312522258242/0001193125-22-258242-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590895/000119312522258242/d407428d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-258242
- JSON: https://secwatch.observer/filing/0001193125-22-258242.json
- Plain text: https://secwatch.observer/filing/0001193125-22-258242.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.