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Caesars unit's creditors agree new recovery terms - court filing
December 23, 2016 / 7:21 PM / in 10 months

Caesars unit's creditors agree new recovery terms - court filing

CHICAGO, Dec 23 (Reuters) - Creditors of Caesars Entertainment Corp’s bankrupt operating unit have reached an agreement to revise the terms of their recoveries, according to a filing with the U.S. Bankruptcy Court in Chicago on Friday.

A dispute between creditors holding secured debt in Caesars Entertainment Operating Co, which filed for bankruptcy in January 2015 with $18 billion of debt, had threatened to derail the casino group’s restructuring. (Reporting by Tracy Rucinski; Editing by Bernadette Baum)

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