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Tag Archives: Restructuring

US – Caesars bankruptcy restructuring runs into legal problems

A judge has ruled that Caesars Entertainment’s bankruptcy restructuring violates federal law as it moved assets to protect itself from junior creditors. Investors that sued Caesars may yet be compensated for being forced into a restructuring plan that isn’t allowed outside of bankruptcy. At this stage, US District Judge Shira Scheindlin has denied Caesars’ request…

US – Caesars seals support for restructuring

Caesars Entertainment and its subsidiary Caesars Entertainment Operating Company have announced that as of January 7, 2015, 19 institutions have signed the Amended and Restated Restructuring Support and Forbearance Agreement. The advisors to certain of the Consenting Creditors have notified Caesars Entertainment and CEOC that, subject to the closing of certain purchases of additional First…