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Best of Howard Stutz

Gaming Guru

Howard Stutz
 

Caesars extends offer to purchase $791.8 million in long-term debt

18 June 2014

Caesars Entertainment Corp., extended by more than a week an offer for investors to purchase $791.8 million in the company’s long-term debt.

The casino operator had previously extended the offer to end Monday. The offer now expires June 27.

The bond purchases are part of the company’s effort to restructure a portion of its gaming industry high $23 billion in long-term debt.