false 0001590895 0001590895 2024-10-03 2024-10-03

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

October 3, 2024

Date of Report (Date of earliest event reported)

 

 

CAESARS ENTERTAINMENT, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-36629   46-3657681

(State of

Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification Number)

100 West Liberty Street, 12th Floor, Reno, Nevada 89501

(Address of principal executive offices, including zip code)

(775) 328-0100

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading
Symbol(s)

 

Name of each exchange
on which registered

Common stock, $0.00001 par value   CZR   NASDAQ Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 


Item 8.01

Other Events.

On October 3, 2024, Caesars Entertainment, Inc. (the “Company”), delivered a notice of conditional partial redemption (the “Redemption”) for $1.065 billion of the Company’s outstanding 8.125% Senior Notes due 2027 (the “Notes”) at a redemption price of 102.031% of the principal amount of the Notes, plus accrued and unpaid interest (if any), to be redeemed on October 17, 2024 (or such later date as described below, “Redemption Date”). As of June 30, 2024, there was $1.611 billion aggregate principal amount of the Notes outstanding. U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association) is serving as the trustee for the Notes and as the paying agent for the Redemption.

The Redemption is conditioned upon the timely receipt by the Company or the Company’s designee of the net proceeds from the previously announced issuance of the Company’s 6.000% Senior Notes due 2032. If such net proceeds are not timely received and such condition is not satisfied (or waived by the Company in its sole discretion), the Redemption Date may be delayed or the Redemption may not occur.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    CAESARS ENTERTAINMENT, INC.
Date: October 3, 2024     By:  

/s/ Bret Yunker

    Name:   Bret Yunker
    Title:   Chief Financial Officer
v3.24.3
Document and Entity Information
Oct. 03, 2024
Cover [Abstract]  
Amendment Flag false
Entity Central Index Key 0001590895
Document Type 8-K
Document Period End Date Oct. 03, 2024
Entity Registrant Name CAESARS ENTERTAINMENT, INC.
Entity Incorporation State Country Code DE
Entity File Number 001-36629
Entity Tax Identification Number 46-3657681
Entity Address, Address Line One 100 West Liberty Street
Entity Address, Address Line Two 12th Floor
Entity Address, City or Town Reno
Entity Address, State or Province NV
Entity Address, Postal Zip Code 89501
City Area Code (775)
Local Phone Number 328-0100
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Security 12b Title Common stock, $0.00001 par value
Trading Symbol CZR
Security Exchange Name NASDAQ
Entity Emerging Growth Company false

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