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Caesars Entertainment units complete $1.7B notes offering

Two subsidiaries of Caesars Entertainment Corp. completed a $1.70 billion offering of 5.250% senior notes due 2025.

The net proceeds of the offering, along with borrowings under new senior secured credit facilities and available cash, will be used to repay all existing debt of Caesars Entertainment Resort Properties LLC and Caesars Growth Properties Holdings LLC.

The wholly owned indirect Caesars subsidiaries participating in the offering were CRC Escrow Issuer LLC and CRC Finco Inc.