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Caesars Entertainment, Inc. Announces Early Tender Results of Previously Announced Tender Offer of the 5.250% Senior Notes Due 2025
LAS VEGAS and RENO, Nev., Sept. 24, 2021 /PRNewswire/ -- Caesars Entertainment, Inc. (the "Company") (Nasdaq: CZR) today announced the early tender results as
About this update from Caesars Entertainment, Inc.
[{"type":"text","content":"LAS VEGAS and RENO, Nev., Sept. 24, 2021 /PRNewswire/ -- Caesars Entertainment, Inc. (the \"Company\") (Nasdaq: CZR) today announced the early tender results as of 5:00 p.m., New York City time, on September 23, 2021 (the \"Early Tender Deadline\") and election of early settlement for its previously announced tender offer (the \"Tender Offer\") by its indirect wholly owned subsidiaries, Caesars Resort Collection, LLC and CRC Finco, Inc. (the \"Issuers\") to purchase for cash up to $1.2 billion (the \"Maximum Amount\") of the Issuers' outstanding 5.250% Senior Notes due 2025 (the \"Notes\") on the terms and subject to the conditions set forth in the Issuers' Offer to Purchase dated September 10, 2021 and the accompanying Letter of Transmittal dated September 10, 2021 (together, the \"Tender Offer Documents\"). Capitalized terms used and not defined in this press release have the meanings given to them in the Tender Offer Documents.\n\n \n \n \n \n \n \n\n \nThe Withdrawal Deadline has passed and the Notes tendered pursuant to the Tender Offer may no longer be withdrawn, except in the limited circumstances described in the Tender Offer Documents. The aggregate principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline (the \"Early Tender Notes\"), as well as the percent of the aggregate principal amount of Notes outstanding constituting Early Tender Notes, is set forth in the table below.\nSeries of Notes\nCUSIP Numbers(1)\nAggregate Principal Amount Outstanding\nAggregate Principal Amount of Early Tender Notes\nPercent of Outstanding Principal Amount Tendered\nTender\nConsideration\nEarly Tender Premium\nTotal Consideration (2)\n5.250% Senior Notes due 2025\n12652 AAA1 /\nU1264 AAA1\n$1,700,000,000\n$889,277,000\n52.31%\n$875,937,845\n$26,678,310\n$902,616,155\n(1)\nNo representation is made as to the correctness or accuracy of the CUSIP numbers listed in this table or printed on the Notes. They are provided solely for the convenience of holders of Notes. \n(2)\nIncludes the early tender premium for the Early Tender Notes accepted for purchase. \nIn addition to the Total Tender Offer Consideration, accrued and unpaid interest from the last interest payment date up to, but not including the date on which the Total Tender Offer Consideration will be paid, which is expected to occur...