Caesars unit resolves lender dispute
By Tracy Rucinski, Reuters
Caesars Entertainment Corp.’s bankrupt operating unit resolved a dispute with its lenders on Friday, paving the way for a consensual plan to push the casino group out of its $18 billion Chapter 11.
In filings with the U.S. Bankruptcy Court in Chicago, bank lenders said they had reached an agreement over their recovery terms and were withdrawing a threat to abandon a plan to end Caesars Entertainment Operating Co Inc’s two-year bankruptcy.
Caesars is the parent company of Harrah’s Lake Tahoe and Harveys.
