Caesars Entertainment Sets Reorg Deal; 2nd-Lien Lenders Get 66 Cents On Dollar |
September 28, 2016 | September 2016 Bond Updates |
Caesars Entertainment Operating Co. (CEOC) said that its “major creditor groups” have agreed to support the key economic terms of a restructuring proposal that would, among other things, provide second-lien noteholders with a recovery valued at 66 cents on the dollar, the company announced. |
View more at: http://www.forbes.com/sites/spleverage/2016/09/27/caesars-entertainment-sets-reorg-deal-2nd-lien-lenders-get-66-cents-on-dollar/ |
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