---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-135268"
form_type: "8-K"
ticker: "CZR"
cik: "0001590895"
company_name: "Caesars Entertainment, Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T06:00:34.843193+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Caesars reduces interest margin on $2.5B term B loan to SOFR+2.75%

## Summary
- Reduced margin on ~$2.5B term B loan to Term SOFR + 2.75% or Base Rate + 1.75%.
- Amendment effective May 9, 2024; non-consenting lenders replaced by JPMorgan.
- Six-month soft-call: 1.00% premium on voluntary prepayment or yield-reducing amendment.
- Company confirms no default and reaffirms guarantees and collateral under loan documents.

## SEC filing metadata
- accession: 0001193125-24-135268
- form_type: 8-K
- ticker: CZR
- cik: 0001590895
- company_name: Caesars Entertainment, Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590895/000119312524135268/0001193125-24-135268-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590895/000119312524135268/d827488d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-135268
- JSON: https://secwatch.observer/filing/0001193125-24-135268.json
- Plain text: https://secwatch.observer/filing/0001193125-24-135268.txt

## Key facts
- Debt Financings
  Caesars Entertainment, Inc. amended term loan of $2.5 billion with JPMorgan Chase Bank, N.A., as administrative agent at Term SOFR plus 2.75% per annum or Base Rate plus 1.75% per annum.
  - Instrument: term loan
  - Principal: $2.5 billion
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
  - Rate: Term SOFR plus 2.75% per annum or Base Rate plus 1.75% per annum
  - Event: amendment
  source text: modified from time to time, the “Credit Agreement”). Among other things, the Amendment reduces the interest rate margins applicable to the Company’s existing approximately $2.5 billion term B loan facility to, at the Company’s option, either (a) a forward-looking term rate based on the secured overnight financing rate for the applicable interest period (“Term
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590895/000119312524135268/0001193125-24-135268-index.htm
- Material Agreements
  Caesars Entertainment, Inc. amended Fourth Amendment to Credit Agreement with the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (effective 2024-05-09).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent
  - Effective: 2024-05-09
  source text: On May 9, 2024, Caesars Entertainment, Inc. (the “Company”), a Delaware corporation, entered into a Fourth Amendment to Credit Agreement (the “Amendment”), by and among the Company, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590895/000119312524135268/0001193125-24-135268-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.