Caesar's Entertainment Lands Agreement With Creditors - TheStreet

Caesar's Entertainment Lands Agreement With Creditors

Caesars Entertainment has landed an agreement with creditors, after two years of legal woes.
Author:
Publish date:

Caesars Entertainment (CZR) - Get Report  has landed an agreement with creditors on Tuesday, pertaining to one of its bankrupt businesses, after two years of legal woes. Private equity companies Apollo Global Management and TPG Capital will take smaller stakes in the company, according to the agreement. These firms were part of a leveraged buyout of Caesars back in 2008, worth $30 billion. Shares of Caesars Entertainment slipped 11.5% Tuesday. TheStreet's Scott Gamm reports from Wall Street.