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Firm News

Cahill Represents Lead Arrangers in Credit Facilities for Caesars Entertainment, Inc.

Date: 07/20/20

Cahill represented the lead arrangers in connection with a $1,000,000,000 revolving credit facility and a $185,000,000 incremental revolving credit facility for Caesars Entertainment, Inc. (formerly known as Eldorado Resorts, Inc.), and a $1,800,000 term loan B incremental credit facility and a $25,000,000 incremental revolving credit facility for Caesars Resort Collection, LLC, a subsidiary of Caesars Entertainment, Inc. Caesars Entertainment, Inc. is a leading casino entertainment and hospitality company that owns and operates more than 55 casino properties worldwide. Proceeds from the credit facilities will be used, together with concurrent debt and equity offerings, for the acquisition of Caesars Entertainment Corporation by Eldorado Resorts, Inc., to repay outstanding indebtedness, and for other general corporate purposes.