Caesars issues $1.1B 6.000% Senior Notes due 2032, redeems $1.065B of 8.125% Notes

Caesars Entertainment, Inc.

Issued $1.1B aggregate principal amount of 6.000% Senior Notes due 2032; interest payable semi-annually.
Net proceeds used to redeem $1.065B of existing 8.125% Senior Notes due 2027, plus accrued interest and fees.
Refinancing reduces interest cost by ~2.125% and extends maturity from 2027 to 2032.
Notes are senior unsecured, rank equally with existing senior debt, and are guaranteed by certain subsidiaries.
Redemption prices: 103% in 2027, 101.5% in 2028, and 100% thereafter from October 2027.

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