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Caesars Leisure lowers curiosity bills through steadiness sheet strikes

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Close up of fountain pen on a balance sheet

DNY59

Caesars Leisure (NASDAQ:CZR) introduced the closing of recent $3B senior secured credit score amenities consisting of a brand new $750M senior secured time period mortgage and a brand new $2.25B senior secured revolving credit score facility.

Concurrently with the closing of the senior credit score amenities, Caesars (CZR) retired an current revolving credit score facility and used the proceeds of the Time period A Mortgage to prepay $750M of current time period B loans due in December of 2024.

Caesars (CZR) expects the refinancing transaction to scale back curiosity bills for the corporate whereas additionally extending debt maturities.



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