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Firm News

Julie Cohen
Director of Marketing and Communications

Cahill Represents Debt Financing Sources in $4.5 Billion Debt Financing for Caesars Entertainment, Inc.

Date: 02/06/23

Cahill represented the initial purchasers in connection with a Rule 144A notes offering of $2,000,000,000 aggregate principal amount of 7.000% senior secured notes due 2030 by Caesars Entertainment, Inc. (the "Company"). Cahill also represented the arrangers in connection with an amendment to the Company's existing credit agreement pursuant to which the Company, among other things, incurred a new $2,500,000,000 term “B” loan. Proceeds from the notes offering and the new term “B” loan were used to repay certain indebtedness of Caesars Resort Collection, LLC, a subsidiary of the Company, and for general corporate purposes. Caesars Entertainment, Inc. is a geographically diversified gaming and hospitality company.