Caesars Entertainment (CZR) has released an update.
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On February 6, 2024, issuers finalized the CRC Tender Offer, announcing the redemption of all remaining CRC Secured Notes at over 100% of their principal value, plus interest, to be executed on February 16, 2024. Simultaneously, the company also completed the CEI Tender Offer and proceeded to redeem the remaining CEI Secured Notes, satisfying and discharging the related indenture. By depositing U.S. treasury bills covering the full redemption amount with accrued interest, the company effectively released itself and guarantors from further obligations under the CEI Secured Notes Indenture, except for surviving provisions.
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For a comprehensive understanding of the announcement, you can read the full document here.
