UPDATE: Caesars Entertainment (CZR) Will File New Bankruptcy in Chicago Tomorrow
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Go back to UPDATE: Caesars Entertainment (CZR) Will File New Bankruptcy in Chicago Tomorrow
January 15, 2015 6:18 AM EST
Caesars Entertainment Operating Company, Inc. ("CEOC"), a subsidiary of Caesars Entertainment Corporation ("Caesars Entertainment") (Nasdaq: CZR), announced that it is moving forward to implement its previously announced financial restructuring plan. The plan, which has received support from more than 80% of first-lien noteholders, is intended to significantly reduce long-term debt and annual interest payments, while providing for significant recoveries for creditors and ensuring no interruption of operations across the company's network of properties.
To implement the balance sheet deleveraging, CEOC and certain of its U.S. subsidiaries have voluntarily filed for reorganization under... More
January 13, 2015 5:26 PM EST
Caesars Entertainment (NASDAQ: CZR) Creditors Ask Judge to Halt Potential Second Bankruptcy - Bloomberg
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January 12, 2015 7:58 AM EST
Appaloosa Investment has filed an involuntary bankruptcy petition against Caesars Entertainment's (Nasdaq: CZR) main operating unit, Bloomberg noted Monday.
The firm claims Caesars executives plundered the company while it was preparing to file for Chapter 11.
Appaloosa claims that under Caesars proposed... More
