Caesars Entertainment Inc.
Caesars Entertainment Amends Credit Agreement to Lower Interest Rates
Summary
On November 25, 2024, Caesars Entertainment, Inc. entered into a Fifth Amendment to its Credit Agreement, reducing the interest rate margins on its existing term B and B-1 loan facilities. The amendment allows the company to choose between a forward-looking term rate based on the secured overnight financing rate (SOFR) or a base rate, plus applicable margins. The changes are effective as of the amendment date and are subject to the terms and conditions of the original Credit Agreement.
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About Caesars Entertainment Inc.
Caesars Entertainment Inc. is a renowned company in the hospitality and entertainment industry, primarily focused on operating casinos, hotels, and entertainment facilities. As one of the world's largest and most diverse gaming enterprises, Caesars is known for its massive portfolio of iconic brands, including Caesars Palace, Harrah's, and Horseshoe, among others. The company's operations are largely concentrated in the United States, but its influence extends globally through its vacation and gaming resorts. Caesars Entertainment engages in various business segments such as gaming operations, hotel accommodations, dining, and live entertainment. The company plays a critical role in tourism and leisure markets by providing premium guest experiences through its extensive facilities that feature gaming floors, world-class entertainment events, and luxury accommodations. Headquartered in Reno, Nevada, Caesars Entertainment has been a pivotal player in the gaming and hospitality sectors since its inception, and continues to contribute significantly to the regional economies it operates in by attracting millions of visitors annually to its properties.
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