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.
