debt
confidence high
sentiment positive
materiality 0.80
Caesars Entertainment proposes $1.25B senior secured notes; reports preliminary Q4 2022 results
Caesars Entertainment, Inc.
- Preliminary Q4 2022 net revenues expected $2.811B-$2.831B; net loss range ($257M)-($129M) vs adjusted net loss $443M in Q4 2021.
- Adjusted EBITDA estimate $947M-$967M, up from $581M in Q4 2021.
- Las Vegas segment occupancy 95.5% in Q4 2022 vs 95.1% in Q4 2019.
- Proceeds from notes and new $1.75B Term B Loan to repay ~$3.415B CRC Term Loan.
- Caesars Digital 2022 net revenues $547M-$549M; sports betting handle $12.75B-$12.85B, hold 5.3%-5.5%.