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Caesars unit's creditors agree new recovery terms: court filing

Published 12/23/2016, 02:30 PM
Updated 12/23/2016, 02:40 PM
© Reuters. An evening view of the 550-foot-tall High Roller observation wheel after opening in Las Vegas
CZR
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CHICAGO (Reuters) - Creditors of Caesars Entertainment Corp's (O:CZR) bankrupt operating unit have reached an agreement to revise the terms of their recoveries, according to a filing with the U.S. Bankruptcy Court in Chicago on Friday.

© Reuters. An evening view of the 550-foot-tall High Roller observation wheel after opening in Las Vegas

A dispute between creditors holding secured debt in Caesars Entertainment Operating Co, which filed for bankruptcy in January 2015 with $18 billion of debt, had threatened to derail the casino group's restructuring.

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