---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-015442"
form_type: "8-K"
ticker: "CZR"
cik: "0001590895"
company_name: "Caesars Entertainment, Inc."
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T08:14:24.005976+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Caesars prices $2.5B new senior secured term loan, up from $1.75B, to repay near-term debt

## Summary
- New Term B Loan increased to $2.5B aggregate principal; issued at 99% of par.
- Interest rate: Term SOFR + 10 bps floor 50 bps + 325 bps margin (step-down to 300 bps at leverage <3.75x).
- Matures February 2030; proceeds combined with $2.0B 7.000% Senior Secured Notes due 2030.
- Repayment: $3.4B CRC Term B Loans due 2024 and $1.0B Term B-1 Loans due 2025.
- Transaction expected to close on or about February 6, 2023.

## SEC filing metadata
- accession: 0001193125-23-015442
- form_type: 8-K
- ticker: CZR
- cik: 0001590895
- company_name: Caesars Entertainment, Inc.
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590895/000119312523015442/0001193125-23-015442-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590895/000119312523015442/d447766d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-015442
- JSON: https://secwatch.observer/filing/0001193125-23-015442.json
- Plain text: https://secwatch.observer/filing/0001193125-23-015442.txt

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