Caesars Entertainment, Inc.
Overview
| Deal Type |
Debt Capital Markets |
|---|---|
| Size |
$3 Billion Senior Secured Credit Facilities |
| Client & Transactional Partners |
Caesars Entertainment, Inc. |
| Our Role |
Syndication Agent |
Summary
On October 5, 2022, KeyBanc Capital Markets (KBCM) successfully closed on the syndication of $3 billion Senior Secured Credit Facilities (the Facilities) for Caesars Entertainment, Inc. (Caesars or the Company). The Facilities consist of a $2.25 billion Revolving Credit Facility and a $750 million Term Loan A Facility. Proceeds will be used to refinance existing indebtedness and fund general corporate purposes. KBCM acted as Syndication Agent on the transaction.
Caesars is the largest casino-entertainment company in the United States and one of the world's most diversified casino-entertainment providers. Since its 1937 beginning in Reno, NV, the Company has grown through development of new resorts, expansions and acquisitions. Currently Caesars owns, leases or manages over 50 domestic properties in 16 states with approximately 55,700 slot machines, 2,900 table games and over 47,700 hotel rooms. Their resorts operate primarily under the Caesars®, Harrah's®, Horseshoe®, and Eldorado® brand names. The Company also offers a full suite of mobile and online gaming and sports betting experiences.
