Caesars Leisure, Inc. Pronounces Closing Settlement of Tender Supply for five.250% Senior Notes Due 2025

Caesars Leisure, Inc. Pronounces Closing Settlement of Tender Supply for five.250% Senior Notes Due 2025

LAS VEGAS and RENO, Nev., Oct. 8, 2021 /PRNewswire/ — Caesars Leisure, Inc. (the “Firm”) (Nasdaq: CZR) at the moment introduced the expiration of the beforehand introduced tender provide (the “Tender Supply”) to buy for money as much as $1.2 billion of the 5.250% Senior Notes due 2025 (the “Notes”) issued by its oblique wholly owned subsidiaries, Caesars Resort Assortment, LLC and CRC Finco, Inc. (the “Issuers”) on the phrases and topic to the circumstances set forth within the Issuers’ Supply to Buy dated September 10, 2021 and the accompanying Letter of Transmittal dated September 10, 2021 (collectively, the “Tender Supply Paperwork”), and that it accepted and made fee for $4,000 in combination principal quantity of the Notes which, mixed with the beforehand introduced early settlement on September 24, 2021 (the “Early Settlement Date”), resulted in $889,281,000 in combination principal quantity, representing roughly 52.31% of the Notes.  The entire Notes paid on the date of this announcement (the “Closing Settlement Date”) have been validly tendered and such tenders weren’t withdrawn after the Early Settlement Date and at or previous to 12:00 a.m., New York Metropolis time, on October 7, 2021 (the “Expiration Time”). Capitalized phrases used and never outlined on this press launch have the meanings given to them within the Tender Supply Paperwork.

Holders of Notes paid on the Early Settlement Date and the Closing Settlement Date obtained the consideration set forth within the desk under, in addition to accrued and unpaid curiosity on such Notes from the final curiosity fee date with respect to such Notes to, however not together with, the Early Settlement Date or Closing Settlement Date:

Sequence of Notes

CUSIP Numbers(1)

Combination Principal Quantity Excellent

Combination Principal Quantity of Early Tender Notes

Combination Principal Quantity of Closing Tender Notes

P.c of Excellent Principal Quantity Tendered

Tender

Consideration(2)

Early Tender Premium(3)

Whole Consideration(4)

5.250% Senior Notes due 2025

12652 AAA1 /

U1264 AAA1

$1,700,000,000

$889,277,000

$4,000

52.31%

$875,941,785

$26,678,310

$902,620,095












(1)

No illustration is made as to the correctness or accuracy of the CUSIP numbers listed on this desk or printed on the Notes. They’re supplied solely for the comfort of holders of Notes.

(2)

Represents $985 per $1,000 of Notes accepted for buy on the Early Settlement Date and Closing Settlement Date.

(3)

Paid solely to Holders of Notes paid on the Early Settlement Date.

(4)

Consists of the early tender premium for the Early Tender Notes accepted for buy.  

The Tender Supply expired at 12:00 a.m. midnight, New York Metropolis time, on October 7, 2021.

The Issuers retained Credit score Suisse Securities (USA) LLC to behave as supplier supervisor in reference to the Tender Supply. Questions in regards to the Tender Supply could also be directed to Credit score Suisse Securities (USA) LLC at (800) 820-1653 (toll free) or (212) 538-2147 (acquire). Copies of the Tender Supply Paperwork and different associated paperwork could also be obtained from D.F. King & Co., Inc., the tender agent and data agent for the Tender Supply, at (866) 207-3626 (toll free) or (212) 269-5550 (acquire) or e-mail [email protected]

The Tender Supply was made solely by way of the Tender Supply Paperwork. On no account shall this press launch represent a suggestion to buy or the solicitation of a suggestion to promote the Notes or another securities of the Issuers or another individual, nor shall there be any provide or sale of any Notes or different securities in any state or jurisdiction through which such a suggestion, solicitation or sale could be illegal previous to registration or qualification underneath the securities legal guidelines of any such jurisdiction. As well as, nothing contained herein constitutes a discover of redemption of the Notes. No suggestion is made as as to if holders of the Notes ought to tender their Notes.

About Caesars Leisure, Inc.

Caesars Leisure, Inc. is the most important casino-entertainment firm within the US and one of many world’s most diversified casino-entertainment suppliers. Since its starting in Reno, NV, in 1937, Caesars Leisure, Inc. has grown by growth of recent resorts, expansions and acquisitions. Caesars Leisure, Inc.’s resorts function primarily underneath the Caesars®, Harrah’s®, Horseshoe®, and Eldorado® model names. Caesars Leisure, Inc. affords diversified gaming, leisure and hospitality facilities, one-of-a-kind locations, and a full suite of cell and on-line gaming and sports activities betting experiences. All tied to its industry-leading Caesars Rewards loyalty program, the corporate focuses on constructing worth with its friends by a novel mixture of impeccable service, operational excellence and expertise management. Caesars is dedicated to its workers, suppliers, communities and the surroundings by its PEOPLE PLANET PLAY framework. Know When To Cease Earlier than You Begin.® Playing Drawback? Name 1-800-522-4700.

Ahead-Trying Statements

This press launch might embody data that might represent forward-looking statements throughout the which means of the Personal Securities Litigation Reform Act of 1995. These statements contain danger and uncertainties. The Firm undertakes no obligation to revise or replace any forward-looking statements, or to make another forward-looking statements, whether or not because of new data, future occasions or in any other case, besides as in any other case required by legislation.

Disclaimer

This announcement have to be learn along with the Tender Supply Paperwork. This announcement and the Tender Supply Paperwork (together with the paperwork integrated by reference therein) include necessary data which have to be learn rigorously earlier than any choice is made with respect to the Supply. If any holder of Notes is in any doubt as to the motion it ought to take, it’s endorsed to hunt its personal authorized, tax, accounting and monetary recommendation, together with as to any tax penalties, instantly from its stockbroker, financial institution supervisor, lawyer, accountant or different impartial monetary or authorized adviser. Any particular person or firm whose Notes are held on its behalf by a dealer, supplier, financial institution, custodian, belief firm or different nominee or middleman should contact such entity if it needs to take part within the Supply. Not one of the Firm, the Issuers, the supplier supervisor, the tender and data agent, or any one that controls or is a director, officer, worker or agent of such individuals, or any affiliate of such individuals, makes any suggestion as as to if holders of Notes ought to take part within the Supply.

 


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SOURCE Caesars Leisure, Inc.

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