---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-265157"
form_type: "8-K"
ticker: "CZR"
cik: "0001590895"
company_name: "Caesars Entertainment, Inc."
filed_at: "2024-11-25T23:59:59+00:00"
generated_at: "2026-05-29T18:51:28.361396+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Caesars reduces interest margins on ~$5.3B term loans via Fifth Amendment

## Summary
- New margin: 2.25% for Term SOFR loans, 1.25% for Base Rate loans on both Term B ($2.4B) and Term B-1 ($2.9B) facilities.
- Amendment effective November 25, 2024; non-consenting lenders replaced automatically by JPMorgan Chase as replacement lender.
- Borrower pays 1% prepayment premium if refinanced within 6 months with new broadly syndicated term loans.
- Consenting lenders could choose cashless consent or assign-and-reallocation to continue holding amended loans.

## SEC filing metadata
- accession: 0001193125-24-265157
- form_type: 8-K
- ticker: CZR
- cik: 0001590895
- company_name: Caesars Entertainment, Inc.
- filed_at: 2024-11-25T23:59:59+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/1590895/000119312524265157/0001193125-24-265157-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590895/000119312524265157/d858083d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-265157
- JSON: https://secwatch.observer/filing/0001193125-24-265157.json
- Plain text: https://secwatch.observer/filing/0001193125-24-265157.txt

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