Oaktree Cautions Congress Against Back-Room Deal on Caesars Debt

  • Gaming firm said to seek bond-battle relief in unrelated bill
  • Entire $225 billion distressed-debt market could be affected

As Congress heads toward its summer recess, Oaktree Capital Group LLC is urging lawmakers not to cut any back-room Washington deals that help its opponents in a fight over Caesars Entertainment Corp. with billions of dollars at stake.

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