debt
confidence high
sentiment positive
materiality 0.60
Caesars prices $1.1B 6.000% Senior Notes due 2032, upsized from $1B
Caesars Entertainment, Inc.
- Priced $1.1B aggregate principal of 6.000% Senior Notes due 2032 at 100% of par.
- Upsized from previously announced $1.0B; expected to close on or about Oct 17, 2024.
- Proceeds used to redeem a portion of existing 8.125% Senior Notes due 2027 plus fees.
- Refinancing replaces higher-cost 8.125% notes with 6.000% notes, reducing interest expense.
- Offered via Rule 144A/Reg S private placement; not registered under Securities Act.