Caesars will talk with bank creditors to address debt

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Caesars will talk with bank creditors to address debt

Message non lu par Monsieur G » 18 oct. 2014, 14:28

Caesars Entertainment Corp. said Friday it would begin talks with bank creditors to rework part of its $24.2 billion debt.

The move follows a similar announcement last month in which the Las Vegas-based coasino operator said it was in discussions with its senior bond holders in efforts to restructure the largest portions of what has become the highest debt in the gaming industry.

The announcement was viewed positively by stockholders, who are hopeful a settlement at the negotiating table between Caesars and its creditors would keep the company out of bankruptcy court.

Shares of Caesars, traded on Nasdaq, closed at $11.71 Friday, up $1.32, or 12.7 percent.

http://www.reviewjournal.com/business/c ... dress-debt
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