Deals
Caesars Pushes Bankruptcy Plan Ahead With Top Lender Support
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Caesars Entertainment Corp. said it reached a deal with the most-senior lenders to its bankrupt unit, allowing the casino operator to focus on getting support from the last major group holding out on its restructuring plan.
The agreement, announced Friday, requires the lenders to approve Caesars’ plan to reorganize its main operating subsidiary, the bankrupt Caesars Entertainment Operating Co. The pact is effective immediately, meaning a majority of the loan holders have signed it.