Caesars Entertainment refinancing $4.4 billion in debt
Caesars Entertainment Corp. is refinancing $4.4 billion in mortgage loan debt, according to a filing with the Securities and Exchange Commission.
The gaming giant has secured a $3 billion loan and a $269.5 revolving credit line, which it plans to use for the refinancing.
With the closing of the refinancing, Caesars plans to back the loans with the Octavius Tower at Caesars Palace and the Linq.
As of June 30, Caesars carried a debt load of $23.5 billion.