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Caesars Entertainment Corp (CZR.OQ)

CZR.OQ on NASDAQ Stock Exchange Global Select Market

9.20USD
24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Caesars Entertainment Corp and Caesars Acquisition Company report amendment to merger agreement
Tuesday, 21 Feb 2017 06:00am EST 

Caesars Acquisition Co : Caesars Entertainment Corporation and Caesars Acquisition Company announce amendment to merger agreement .Caesars Acquisition Co - Caesars Acquisition stockholders will receive 1.625 shares of Caesars Entertainment for each caesars acquisition share.  Full Article

Caesars Entertainment Operating Company enters into committed financing agreements
Tuesday, 21 Feb 2017 06:00am EST 

Caesars Entertainment Corp : Caesars Entertainment Operating Company enters into committed financing agreements . Caesars Entertainment Corp - CEOC has entered into committed financing agreements for proposed new senior secured credit facilities . Caesars Entertainment - financing agreements comprise up to $1,235 million in aggregate principal amount of a seven-year senior secured term loan facility . Caesars Entertainment Corp says proceeds from term facility will be used to finance transactions in accordance with debtors' plan of reorganization .Caesars Entertainment - financing agreements comprise of up to $200 million in aggregate principal amount of 5-year senior secured revolving credit facility.  Full Article

Caesars Entertainment's chairman Gary Loveman to terminate his employment with co
Friday, 23 Dec 2016 05:16pm EST 

Caesars Entertainment Corp : Caesars Entertainment Corp- Loveman will no longer be an employee of company, but will continue to serve as chairman of board of company . Employment agreement among co, chairman Gary Loveman, is scheduled to terminate on December 31, 2016 . Caesars Entertainment -on Dec. 20, 2016, human resources committee of board authorized making of certain payments and acceleration of certain equity awards .Caesars Entertainment-in connection with termination,Loveman to receive payment of annual bonus at target $3.25 million, amount shall paid on or before Dec. 29.  Full Article

Caesars Entertainment announces creditor support to accept CEOC'S plan of reorganization
Monday, 5 Dec 2016 04:56pm EST 

Caesars Entertainment Corp : Caesars Entertainment, Caesars Entertainment Operating Co. announce overwhelming creditor support in vote to accept CEOC'S plan of reorganization . Plan was accepted by more than 90 pct of voting creditors .Caesars Entertainment Corp - confirmation hearing is scheduled to begin on Jan 17, 2017.  Full Article

Caesars Entertainment consenting creditors agrees on terms of sixth amended restructuring support agreement
Tuesday, 15 Nov 2016 07:25am EST 

Caesars Entertainment Corp - :Consenting creditors relating to CEOC’s certain notes agreed on remaining terms of sixth amended restructuring support, forbearance agreement.  Full Article

Caesars Entertainment extends deadline to reach agreement on certain documentation with first-lien noteholders
Friday, 14 Oct 2016 05:40pm EDT 

Caesars Entertainment Corp : Caesars Entertainment, Caesars Entertainment Operating Co. Extend deadline to reach agreement on certain documentation with first-lien noteholders .Caesars Entertainment - Extended deadline to finalize more documentation in connection with debtors' 3rd amended joint plan reorganization until Oct. 19.  Full Article

Caesars Entertainment, Caesars Entertainment Operating Co.enters restructuring support agreements
Wednesday, 5 Oct 2016 11:15am EDT 

Caesars Entertainment Corp : Caesars entertainment, Caesars entertainment operating co. Enter into restructuring support agreements with CEOC's major creditor groups . RSAS with first lien bank lenders, first lien noteholders, second lien noteholders effective immediately . Announcement paves way toward a confirmable plan for debtors and a successful conclusion to CEOC's bankruptcy proceedings in 2017 .RSA with first lien noteholders will terminate automatically on October 14, 2016.  Full Article

Caesars Entertainment provides update on term sheet with creditors groups
Wednesday, 28 Sep 2016 05:47pm EDT 

Caesars Entertainment Corp : Caesars Entertainment, Caesars Entertainment Operating Co. Provide update on term sheet with creditors groups . Bankruptcy court scheduled hearing for Oct 4 to consider request debtors intend to make for stay of certain litigation pending against caesars . Co and representatives of most of CEOC's major creditor groups have confirmed their support for term sheet .If revised reorganization plan is agreed,support agreements entered,expected most of ceoc's major creditors will support anticipated stay.  Full Article

Caesars Entertainment announces economic terms of proposed restructuring plan
Tuesday, 27 Sep 2016 03:46am EDT 

Caesars Entertainment Corp : Says confirmation of plan would facilitate a successful conclusion to CEOC's bankruptcy proceedings in 2017 . Caesars Entertainment, Caesars Entertainment Operating Co announce key economic terms of proposed consensual restructuring plan for ceoc . Have received confirmation from representatives of CEOC's major creditor groups of those groups' support for a term sheet . Caesars Entertainment says optimistic that support received for proposed consensual plan will allow ceoc to obtain required votes to confirm plan . Parties are working on agreements and amendments to CEOC's existing plan of reorganization that will adopt and implement terms . Hamlet holdings, will contribute full 14 pct of equity that it would have received through its ownership in Caesars Entertainment . Says contribution is valued by debtors at approximately $950 million .Revised plan of reorganization will release all pending and potential litigation claims and causes of action against caesars.  Full Article

More From Around the Web

Fitch Plans to Withdraw Caesars Entertainment Entities' Ratings

(The following statement was released by the rating agency) NEW YORK, March 21 (Fitch) Fitch Ratings plans to withdraw Caesars Entertainment Corp.'s (Caesars) and related entities' ratings on or about April 21, 2017 (approximately 30 days from the date of this release) for commercial reasons. Fitch currently rates Caesars and its subsidiaries as follows: Caesars Entertainment Corp. (CEC) --Long-Term IDR 'CC'. Caesars Entertainment Resort Properties, LLC (CERP) --Long-Term IDR 'B-'; --Senior s