Caesars Entertainment proposes $1.25bn senior notes offering

| By Richard Mulligan
Caesars Entertainment has announced plans to offer $1.25bn aggregate principal amount of senior secured notes due 2030 in a private placement to qualified institutional buyers.

The net proceeds of the sale of the notes and a new loan facility will be used to repay loans accrued by Caesars Resort Collection LLC, a wholly owned subsidiary created in 2017 to amalgamate the debts of Caesars Growth Properties Holdings and Caesars Entertainment Resort Properties.

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