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Bankrupt Caesars Unit, Lenders Reach Deal On Debt Plan

By Kali Hays ( August 25, 2015, 7:43 PM EDT) -- After a contentious back and forth, Caesars Entertainment Corp. announced a deal between bankrupt Caesars Entertainment Operating Co. and its first-lien bank lenders, with the lenders set to receive nearly $62.5 million in cash upfront and a chunk of second-lien debt when the subsidiary is slated to emerge from bankruptcy next year....

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