CHICAGO, Sept 27 Hold-out creditors of Caesars Entertainment Corp's bankrupt operating unit accepted a sweetened $5 billion deal on Tuesday that could finally extricate the casino company from a costly bankruptcy.
CHICAGO, Sept 27 Caesars Entertainment Corp has struck a deal with most of its operating unit's creditors, resolving billions of dollars in legal claims and paving the way to end to its subsidiary's costly bankruptcy, the casino company said on Tuesday.
* Postpones publication of H1 results due to insolvency proceedings Source text for Eikon: Further company coverage: (Gdynia Newsroom)
Sept 27 Caesars Entertainment Corp said on Tuesday its major creditors supported the proposed terms of a plan to push its main operating unit out of bankruptcy, making it "optimistic" of winning approval from other creditors.
* Company has entered into negotiations regarding an acquisition of an iron ore business currently placed under formal business rescue
* Says confirmation of plan would facilitate a successful conclusion to CEOC's bankruptcy proceedings in 2017
* Says Lithuanian Court of Appeal upheld the order for instituting the proceedings of company's bankruptcy
* Third amendment extends the alternative settlement agreement order date to January 16, 2017 - SEC filing
* Socore Energy to acquire 22 Minnesota solar projects from Sunedison
Sept 26 Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation.
- M&A: UPDATE 2-Deutsche Boerse Asia plans sidelined by LSE merger effort
- IPOs: Telefonica aims to list mobile firm O2 in London this year - sources
- Private Capital: CORRECTED-UPDATE 4-U.S. regulators accuse Palantir of bias against Asians
- Hedge Funds: Brevan Howard hedge fund axes management fees for some current investors
- Regulatory News: US STOCKS-Wall Street rises in wake of first presidential face-off
Free Deals Newsletter
Exercitationem Aut Ab Et Numquam Ab. Nostrum Unde Et Aliquam Aute. Quisquam Molestiae Magni Officia Sint Fugit Suscipit.