Caesars prices $2.0B 7.00% senior secured notes due 2030, up from $1.25B

Caesars Entertainment, Inc.

Increased offering to $2.0B from previously announced $1.25B; 7.00% interest, maturity 2030, issue price 100%.
Concurrent new $1.75B senior secured term loan facility; closing not conditional on note sale.
Proceeds to repay CRC Term B Loans, fees, and for general corporate purposes, incl. potential repayment of CRC Term B-1 Loans.
Notes and guarantees will be senior secured obligations, pari passu with existing secured debt.
Offering expected to close Feb 6, 2023, in private placement under Rule 144A and Regulation S.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.8

Caesars Entertainment, Inc. reported preliminary financial results for Three Months Ended December 31, 2022.

Period: Three Months Ended December 31, 2022
Result: preliminary results

Exact text from the filing

Item 2.02 Results of Operations and Financial Condition. Incorporated herein by reference is the information furnished by Caesars Entertainment, Inc. (the "Company") under the heading "Preliminary Operating Results for the Three Months Ended December 31, 2022" in Item 7.01 of its Current Report on Form 8-K, dated January 23, 2023, reporting the Company’s current expectations regarding the range of net revenues, net income (loss) and adjusted EBITDA for the three months ended December 31, 2022, as compared to the same period ended December 31, 2021.

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Caesars Entertainment, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-013434

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