secwatch / observer
8-K filed February 7, 2024, 6:59 PM ET ticker CZR CIK 0001590895
debt confidence high sentiment neutral materiality 0.80

Caesars Entertainment, Inc. (CZR): debt financing — Caesars issues $1.5B 6.5% notes and $2.9B term loan; refinances ~$3.4B of 2025 notes

Caesars Entertainment, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Caesars Entertainment, Inc. incurred senior notes of $1.5 billion aggregate principal amount at 6.500% maturing 2032.

Instrument
senior notes
Principal
$1.5 billion aggregate principal amount
Rate
6.500%
Maturity
2032
Event
incurrence
Exact text from the filing
issued $1.5 billion aggregate principal amount of 6.500% Senior Secured Notes due 2032
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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Caesars Entertainment, Inc. incurred term loan of aggregate principal amount of $2.9 billion.

Instrument
term loan
Principal
aggregate principal amount of $2.9 billion
Event
incurrence
Exact text from the filing
incurred a senior secured incremental term loan in an aggregate principal amount of $2.9 billion (the “Term B-1 Loan”)
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Caesars Entertainment, Inc. entered into Indenture for 6.500% Senior Secured Notes due 2032 with U.S. Bank Trust Company, National Association (Trustee), U.S. Bank National Association (Collateral Agent) valued at $1,500,000,000 aggregate principal amount of 6.500% Senior Secured Notes due 2032 (effective 2024-02-06).

Action
entry
Agreement
notes offering
Counterparty
U.S. Bank Trust Company, National Association (Trustee), U.S. Bank National Association (Collateral Agent)
Value
$1,500,000,000 aggregate principal amount of 6.500% Senior Secured Notes due 2032
Effective
2024-02-06
Exact text from the filing
Item 1.01 Entry into a Material Definitive Agreement. 6.500% Senior Secured Notes Due 2032 On February 6, 2024 Caesars Entertainment, Inc. (the “Company,” “Caesars,” “we,” “us,” “our” or similar terms), a Delaware corporation, issued $1.5 billion aggregate principal amount of 6.500% Senior Secured Notes due 2032 (the “Notes”) pursuant to an indenture, dated as of February 6, 2024 (the “Indenture”), among the Company, the Subsidiary Guarantors party thereto, U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), and U.S. Bank National Association, as collateral agent (the “Collateral Agent”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Caesars Entertainment, Inc. entered into Incremental Assumption Agreement No. 3 under Credit Agreement dated July 20, 2020 with Lenders party to Credit Agreement (including JPMorgan) valued at $2,900,000,000 Term B-1 Loan incurred under the Credit Agreement (effective 2024-02-06).

Action
entry
Agreement
credit facility
Counterparty
Lenders party to Credit Agreement (including JPMorgan)
Value
$2,900,000,000 Term B-1 Loan incurred under the Credit Agreement
Effective
2024-02-06
Exact text from the filing
On February 6, 2024, the Company entered into an Incremental Assumption Agreement No. 3 (the “Incremental Agreement”), whereby it incurred a senior secured incremental term loan in an aggregate principal amount of $2.9 billion (the “Term B-1 Loan”) under its existing Credit Agreement, dated as of July 20, 2020 (as amended, restated, supplemented, waived or otherwise modified from time to time, the “Credit Agreement”), among the Company, the lenders party thereto from time to time, JPMorg
View on SEC.gov

299 debt financings filed in the last 30 days. Browse all debt financings →

Caesars Entertainment, Inc. filing history →

Source: SEC EDGAR
accession 0001193125-24-026847
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