Reuters logo
BRIEF-Caesars Entertainment receives notice from creditors holding a majority of claims under first lien bank debt
December 19, 2016 / 12:30 PM / a year ago

BRIEF-Caesars Entertainment receives notice from creditors holding a majority of claims under first lien bank debt

Dec 19 (Reuters) - Caesars Entertainment Corp -

* Received notice alleging there exist breaches of certain covenants, obligations set forth in second amended restructuring support, forbearance agreement

* Should bank RSA terminate, other creditors would have right to terminate their support of debtors’ restructuring

* Caesars entertainment corporation received notice from creditors claiming to hold a majority of claims under first lien bank debt

* Notice alleges propco first lien credit deal documents materially inconsistent with bank RSA, "unacceptable" to majority creditors Source text: [bit.ly/2hi4AXW] Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below