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Caesars Entertainment, Inc. Announces Full Redemption of 5.750% Senior Secured Notes Due 2025
LAS VEGAS & RENO, Nev.--(BUSINESS WIRE)-- Caesars Entertainment, Inc. (the “Company”) (Nasdaq: CZR) today announced the settlement of the cash tender offer
About this update from Caesars Entertainment, Inc.
[{"type":"text","content":" LAS VEGAS & RENO, Nev.--(BUSINESS WIRE)--\nCaesars Entertainment, Inc. (the “Company”) (Nasdaq: CZR) today announced the settlement of the cash tender offer commenced by its indirect wholly-owned subsidiaries, Caesars Resort Collection, LLC (“CRC”) and CRC Finco, Inc. (“CRC Finco” and, together with CRC, the “Issuers”), for any and all of the Issuers’ outstanding $989,102,000 aggregate principal amount of the 5.750% Senior Secured Notes due 2025 (the “Notes”). Additionally, the Issuers have given notice of their intention to redeem all of the Issuers’ Notes outstanding on February 16, 2024 (the “Redemption Date”). The redemption is being made in accordance with the terms and conditions of the Notes and the indenture governing the Notes (the “Indenture”). The redemption price per Note will be 100.183% of the principal amount of the Notes, plus accrued and unpaid interest up to, but excluding, the Redemption Date.\n\n\nThe Company has instructed U.S. Bank Trust Company, National Association, the trustee under the Indenture, to distribute a Notice of Redemption to all currently registered holders of the Notes on February 6, 2024. Copies of such Notice of Redemption and additional information relating to the procedure for redemption of the Notes may be obtained from the Company’s investor relations contacts provided below.\n\n\nThis press release shall not constitute a notice of redemption under the optional redemption provisions of the Indenture, nor does it constitute an offer to sell or the solicitation of an offer to buy the Notes or any other securities, nor shall there be any sale of any Notes or other securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any jurisdiction.\n\n\nAbout Caesars Entertainment, Inc.\n\n\nCaesars Entertainment, Inc. (NASDAQ: CZR) is the largest casino-entertainment company in the US and one of the world’s most diversified casino-entertainment providers. Since its beginning in Reno, NV, in 1937, Caesars Entertainment, Inc. has grown through development of new resorts, expansions and acquisitions. Caesars Entertainment, Inc.’s resorts operate primarily under the Caesars®, Harrah’s®, Horseshoe®, and Eldorado® brand names. Caesars Entertainment, Inc. offers diversified gaming, entertainm...