Caesars Entertainment (CZR) Reaches Agreement with Major CEOC Creditor Groups
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Caesars Entertainment, Caesars Entertainment Operating Co. Announce Key Economic Terms Of Proposed Consensual Restructuring Plan for CEOC
September 27, 2016 3:46 AM EDTLAS VEGAS, Sept. 27, 2016 /PRNewswire/ -- Caesars Entertainment Corporation (NASDAQ: CZR) ("Caesars Entertainment") and Caesars Entertainment Operating Company, Inc. ("CEOC") and its Chapter 11 debtor subsidiaries (collectively, the "Debtors") today announced that they have received confirmation from representatives of CEOC's major creditor groups of those groups' support for a term sheet that describes the key economic terms of a proposed consensual chapter 11 plan for the Debtors. Based on discussions with these representatives, Caesars Entertainment and CEOC are optimistic that the support received for the proposed consensual plan will allow CEOC to obtain the... More
Caesars Entertainment and Caesars Entertainment Operating Co. Provide Update on Restructuring
September 26, 2016 6:01 AM EDTLAS VEGAS, Sept. 26, 2016 /PRNewswire/ -- Caesars Entertainment Corporation (NASDAQ: CZR) ("Caesars Entertainment") and Caesars Entertainment Operating Company, Inc. ("CEOC") and its Chapter 11 debtor subsidiaries (collectively, the "Debtors") today announced that there are ongoing discussions among Caesars Entertainment, the Debtors and all of CEOC's major creditor constituencies to reach an agreement on a consensual debt restructuring.
Caesars Entertainment and CEOC made significant progress towards reaching an agreement with all parties on the material economics of the restructuring in advance of the Friday, September 23 deadline. Caesars Entertainment and CEOC are working vigorously and... More
