Sunday, March 3, 2024
HomeNewsUnited StatesCaesars Entertainment to raise $1b through note issue

Caesars Entertainment to raise $1b through note issue


Caesars Entertainment said it plans to raise $1 billion through a senior note issue to refinance existing debt.

The notes, which are due in 2029, will be offered in a private placement to qualified institutional buyers.

The proceeds together with cash on hand will be used to redeem the 5.25 percent Senior Notes due 2025 of Caesars Resort Collection, a wholly owned unit of the company.

Sharon Singleton
Sharon Singleton
Sharon Singleton is a multi-media reporter with experience ranging from website management to reporting and editing for newspapers, news agencies and television. As Managing Editor she's been working with Asia Gaming Brief since 2013 and her specialties are: Business, current affairs, fluent in Italian, French, with working knowledge of Spanish.