Caesars Entertainment, Inc.

Overview

Deal Type Debt Capital Markets
Size $2.5 Billion
Senior Secured Term Loan B
Client & Transactional Partners Caesars Entertainment, Inc.
Our Role Co-Manager

Summary

On February 6, 2023, KeyBanc Capital Markets (KBCM) successfully closed on the syndication of a new $2.5 billion Senior Secured First Lien Term Loan B (the TLB) for Caesars Entertainment, Inc. (CEI or the Company). Proceeds of the TLB will be used in combination with $2 billion of senior secured notes to refinance existing debt and for general corporate purposes. KBCM acted as Co-Manager on the transaction.

Caesars Entertainment, Inc. is the largest casino-entertainment company in the U.S. and one of the world’s most diversified casino-entertainment providers. Since its beginning in Reno, NV, in 1937, CEI has grown through development of new resorts, expansions and acquisitions. CEI’s resorts operate primarily under the Caesars®, Harrah’s®, Horseshoe®, and Eldorado® brand names. The Company offers diversified gaming, entertainment and hospitality amenities, one-of-a-kind destinations, and a full suite of mobile and online gaming and sports betting experiences.

Recent Deals

July 2025

a portfolio company of 

and

$1.815 Billion

Senior Secured Credit Facilities

$900 Million

8.50% First Lien Secured Notes due 2032

Joint Lead Arranger
Joint Bookrunner

radiology-partners
June 2025

 

El Camino Commons

$74.8 Million

Construction Loan & LIHTC Equity

el-camino-commons
June 2025

scout

$280.2 Million

Senior Secured Credit Facilities

Coordinating Lead Arranger
Administrative Agent

scout-clean-energy-gonzaga-ridge
June 2025

Hill Estates

Hill Estates

$67.5 Million

Bridge to Perm Loan, Acquisition

hill-estates

Connect With Us

Find an Expert