- PR Newswire•2 days agoCaesars Entertainment, Caesars Entertainment Operating Co. Further Extend Deadline to Reach Agreement on Certain Documentation with First-Lien Noteholders
LAS VEGAS, October 20, 2016 /PRNewswire/ -- Caesars Entertainment Corporation (CZR) ("Caesars Entertainment") and Caesars Entertainment Operating Company, Inc. ("CEOC") and its Chapter 11 debtor subsidiaries (collectively, the "Debtors") today announced that the applicable parties have further extended the deadline to finalize certain additional documentation in connection with the Debtors' Third Amended Joint Plan Reorganization. Caesars Entertainment and the Debtors will provide additional disclosures when an agreement is reached or discussions are terminated. Caesars Entertainment Corporation (CEC) is the world's most diversified casino-entertainment provider and the most geographically diverse U.S. casino-entertainment company.
- The Wall Street Journal•3 days ago
Caesars Entertainment Operating Co. is close to a settlement with a holdout creditor in its $18 billion restructuring, according to the casino company’s lawyer.
- Reuters•3 days ago
The bankrupt operating unit of Caesars Entertainment Corp (CZR.O) is close to an agreement with a main holdout creditor, hedge fund Trilogy Capital Management, lawyers for the two parties said in an Illinois bankruptcy court on Wednesday. Trilogy Capital Management is one of several hedge funds that had accused Caesars of scrapping a guarantee on the debt of its bankrupt subsidiary, Caesars Entertainment Operating Co Inc (CEOC), which filed for Chapter 11 protection in January 2015. Trilogy's claim is miniscule compared with the bankrupt unit's $18 billion in debt, but having the fund join the settlement deal would lessen the threat of a possible judgment against Caesars in a New York court.
Caesars Entertainment Corporation (CZR)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
|Bid||5.60 x 100|
|Ask||7.85 x 1000|
|Day's Range||7.10 - 7.38|
|52wk Range||5.39 - 10.84|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||-0.32|
|Avg Vol (3m)||1,217,083|
|Dividend & Yield||N/A (N/A)|