Fitch Places Caesars Entertainment (CZR) Ratings on Watch Positive Amid Creditor Agreements
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Caesars Entertainment, Caesars Entertainment Operating Co. Enter into Restructuring Support Agreements with CEOC's Major Creditor Groups
October 5, 2016 11:15 AM EDTLAS VEGAS, Oct. 5, 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") have entered into, or amended and restated, Restructuring Support Agreements ("RSAs") with the representatives of all of CEOC's major creditor groups and agreed to the terms of the Debtors' Third Amended Joint Plan of Reorganization (the "CEOC Plan"). The RSAs represent a key milestone in Caesars Entertainment and CEOC's effort to implement a consensual restructuring for the Debtors. Today's announcement paves the way... More
