Caesars prices two tender offers for $4.39B of senior secured notes due 2025

Caesars Entertainment, Inc.

Tender offer for $3.399B of 6.250% notes priced at $1,003.79 per $1,000 principal; extension to Jan 31, 2024.
As of Jan 30, ~$2.98B (87.70%) of 6.250% notes validly tendered; additional ~$6.3M via guaranteed delivery.
Subsidiaries' tender for $989.1M of 5.750% notes priced at $1,001.83 per $1,000, expiring Jan 31, 2024.
Both offers subject to new debt financing; proceeds intended to redeem untendered notes or satisfy indentures.
Settlement expected Feb 6, 2024; accrued interest paid in addition to consideration.

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