Cahill Represents Financing Sources in Sponsor-led Buyout of Harrah's Entertainment

Harrah's Entertainment Inc. announced today that it has agreed to be acquired by private equity firms Apollo Management and Texas Pacific Group in a deal valued at $27.8 billion, including the assumption of $10.7 billion of existing debt. Cahill Gordon & Reindel LLP is representing Bank of America, Citigroup, Credit Suisse, Deutsche Bank, JPMorgan and Merrill Lynch as lead arrangers and/or joint bookrunners in the debt financing used to finance a substantial portion of the transaction.