secwatch.observer — SEC 8-K summary
======================================

Issuer:     Caesars Entertainment, Inc. (CZR)
CIK:        0001590895
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0001193125-23-025630
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Caesars issues $2.0B 7% notes due 2030 and $2.5B term loan to refinance CRC debt
--------------------------------------------------------------------------------

- Issued $2.0B aggregate principal of 7.000% Senior Secured Notes due 2030; interest payable semi-annually.
- Entered $2.5B incremental term loan (Term B Loan) maturing February 6, 2030; interest at SOFR+3.25% or Base+2.25%.
- Proceeds used to repay all outstanding loans under CRC Credit Agreement and terminate that facility.
- Notes callable at 103.5% in 2026 stepping down to par in 2028; change-of-control put at 101%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590895/000119312523025630/0001193125-23-025630-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590895/000119312523025630/d455857d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-025630

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer