The net proceeds of the sale of the notes and a new loan facility will be used to repay loans accrued by Caesars Resort Collection, LLC, a wholly owned subsidiary created in 2017 to amalgamate the debts of Caesars Growth Properties Holdings and Caesars Entertainment Resort Properties.
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Original article: https://igamingbusiness.com/finance/caesars-entertainment-proposes-1-25bn-senior-notes-offering/