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Legal News

Cahill Represents Debt Financing Sources in Acquisition Financing for Eldorado Resorts, Inc.

Date: 10/01/18

Cahill represented the initial purchasers in connection with a Rule 144A offering of $600,000,000 aggregate principal amount of 6% senior notes due 2026 by Eldorado Resorts, Inc., a gaming and hospitality company  (“Eldorado”). Cahill also represented lead arrangers in connection with an amendment to Eldorado’s existing First Lien Credit Agreement, providing for a $500,000,000 incremental facility and a maturity extension to the revolving credit facility thereunder. Proceeds from the offering were used, together with borrowings under Eldorado’s revolving credit facility and cash on hand, for the acquisition of Tropicana Entertainment Inc. by Eldorado and to refinance existing indebtedness of Tropicana Entertainment Inc.