Caesars Places Largest Unit Into Chapter 11 Bankruptcy http://www.wsj.com/articles/caesars-unit-files-for-chapter-11-bankruptcy-1421306807?mod=djemalertNEWS Caesars Entertainment placed its largest unit in Chapter 11 bankruptcy protection, though the company is still at odds with many of its creditors over a plan to restructure its business and cut its $18.4 billion debt load.
More than 80% of the company's senior bondholders are on board with the restructuring plan, but, as of late Wednesday, only a minority of Caesars top-ranking lenders had pledged their support. A group of junior bondholders owed billions also oppose the restructuring strategy.
[Non-text portions of this message have been removed]
__._,_.___
Posted by: dave@collector.org
| Reply via web post | • | Reply to sender | • | Reply to group | • | Start a New Topic | • | Messages in this topic (1) |
.
__,_._,___
