Caesars Entertainment seeks to raise $300 million in new debt
LAS VEGAS -- Caesars Entertainment Inc. announced Wednesday it plans to issue $300 million in new debt at a 9 percent rate that would mature in 2020.
The notes would be issued under the same agreements for debt the company issued in August.
Caesars, which has almost $20 billion in long term debt, said it will use proceeds from the new debt offering to pay related fees and expenses and for general corporate purposes.
Up to $150 million of the proceeds would also be used to retire existing debt.
The notes would be issued under the same agreements for debt the company issued in August.
Caesars, which has almost $20 billion in long term debt, said it will use proceeds from the new debt offering to pay related fees and expenses and for general corporate purposes.
Up to $150 million of the proceeds would also be used to retire existing debt.
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