Caesars Entertainment announces $1.5B senior secured notes offering due 2032

Caesars Entertainment, Inc.

Offering $1.5B aggregate principal of senior secured notes maturing 2032 in private placement.
Concurrent with ~$2.0B New Term B-1 Loan under CEI Credit Agreement; loan closing not a condition.
Net proceeds to redeem/repurchase 6.250% Senior Secured Notes due 2025 and pay fees.
Remaining proceeds for general corporate purposes or to repay other outstanding debt.
Notes guaranteed on senior secured basis by domestic subsidiaries, pari passu with existing secured debt.

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