September 12, 2016
The ongoing restructure of Caesars Entertainment Operating Company (CEOC) $18 billion bankruptcy has been hit with a further setback, following the communication that its mediator has abruptly stepped down from proceedings. On Friday a Chicago US bankruptcy court filing informed stakeholders that Judge Joseph Farnan who was appointed in March to arbitrate negotiations between CEOC and its creditors had chosen …
Read More »June 22, 2016
Updating the market Caesars Entertainment Corporation (CEC) has announced that it has agreed on terms with creditors to amend restructuring agreements for its bankrupt operating division ‘Caesars Entertainment Operating Co’ (COEC). Issuing a filing with the Securities and Exchange Commission, CEC governance declared that it had reached an agreement with first lien creditors representing approximately two-thirds of aggregated COEC debt. …
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