Agreement clears way for Caesars emergence from Chapter 11
By Richard N. Velotta, Las Vegas Review-Journal
The terms of a merger of two subsidiaries of Caesars Entertainment have been amended, clearing a path for the company’s emergence from Chapter 11 bankruptcy protection.
In a filing with the Securities and Exchange Commission Tuesday, the company reported new terms for the merger of Caesars Entertainment Corp. and Caesars Acquisition Co.
The amendment is a milestone toward launching the New Caesars and completing Caesars Entertainment Operating Company, Inc.’s court-supervised restructuring process. The New Caesars will result from the combination of Caesars Entertainment and Caesars Acquisition.
Caesars is the parent company of Harrah’s Lake Tahoe and Harveys in Stateline.