secwatch.observer — SEC 8-K summary
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Issuer:     Caesars Entertainment, Inc. (CZR)
CIK:        0001590895
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001193125-23-015442
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590895/000119312523015442/0001193125-23-015442-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590895/000119312523015442/d447766d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-015442

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