Caesars Entertainment

Caesars Entertainment

Caesars Entertainment is a United States-based company founded in 1937.

Key facts

Stock SymbolCZR
Ticker SymbolCZR

Capital structure

InstrumentCouponMaturityAmountSource
Term B Loans (Amended) · First Lien Senior SecuredSOFR + 2.25% (Term Benchmark) / ABR + 1.25%source ↗
Term B-1 Loans (Amended) · First Lien Senior SecuredSOFR + 2.25% (Term Benchmark) / ABR + 1.25%source ↗

Covenant analysis

CovenantTermvs marketSource
Term B-1 Loan Prepayment Premium (Soft Call) · Call Protection1.00% of aggregate principal amount prepaid or subject to yield-reduction amendment, applicable within six months after November 25, 2024market 1% vs call protection median 1% (n=12)source ↗
Soft Call Trigger Period – Term B-1 Loans · Call ProtectionSix months from the Fifth Amendment Effective Date (i.e., on or prior to May 25, 2025)source ↗
Soft Call Trigger Period – Term B Loans · Call ProtectionSix months from the Fifth Amendment Effective Date (i.e., on or prior to May 25, 2025)source ↗