Caesars Entertainment issues $1B in Senior Notes 2032 for debt repurchase and costs, shares rise.

Caesars Entertainment is issuing $1 billion in Senior Notes due 2032 through a private placement. The funds will be used to repurchase part of its existing 8.125% senior notes due 2027 and to cover related costs. Following this announcement, the company's shares rose by 5.25% to $42.93 on the Nasdaq. The offering is contingent on market conditions and is aimed at qualified institutional buyers and non-U.S. residents.

October 02, 2024
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