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

December 19, 2006

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.