Caesars faces fresh debt downgrade on $2.2 bln unit sale
Caesars Entertainment Operating Co will raise much-needed cash in the $2.2 billion sale of casinos to its majority-owned affiliate Caesars Growth Partners. But Moody’s said it may downgrade the company’s sizable debt load on the loss of EBITDA from the four properties included in the transaction.
5 March 2014•2 mins read
