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.