Caesars 'optimistic' on deal with bankrupt unit's creditors

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Go back to Caesars 'optimistic' on deal with bankrupt unit's creditors

Caesars Entertainment (CZR), CEOC Enter RSAs with Major Creditor Groups

October 5, 2016 11:16 AM EDT

Caesars Entertainment Corporation (Nasdaq: CZR) 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... More