Business

Eldorado Resorts to issue bonds to finance merger with Caesars

Eldorado Resorts to issue bonds to finance merger with Caesars

Eldorado Resorts Inc.
eri
stated Wednesday it is planning to subject $3.08 billion of senior secured notes that mature in 2025, $1.875 billion of senior notes that mature in 2027 and $1.050 billion of senior secured notes that mature in 2025. Proceeds of the offers, that are being carried out in personal placements, shall be used to finance its proposed merger with Caesars Leisure Corp. Shares had been down 0.5% premarket, however have fallen 32% within the 12 months up to now, whereas the S&P 500
spx
has fallen 3%.

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