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Trilogy Portfolio Company, L.L.C. et al v. Caesars Entertainment Corporation et al
Case Number:
1:14-cv-07091
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January 15, 2015
Caesars Can't Duck Bondholders' Suit Over $155M Refi Deal
A New York federal judge on Thursday declined to dismiss lawsuits brought by Caesars Entertainment Operating Co. Inc. noteholders challenging a $155 million refinancing deal they say ensured their debts will be wiped out in bankruptcy, ruling that the transaction was exactly what the Trust Indenture Act was designed to prevent.
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January 08, 2015
Caesars Rallies Restructuring Plan Backers As Ch. 11 Looms
Caesars Entertainment Operating Corp. said Thursday that, with five days left to consolidate support for a restructuring agreement before its planned entry into Chapter 11, it has over half of a key group of bondholders on board — but according to one report, there is still extensive jockeying within that group.
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January 06, 2015
Unhappy Caesars Bondholders Find Ally In EDMC Judge
Creditors furious with Caesars Entertainment Corp.'s financial maneuvering ahead of an $18 billion debt restructuring find themselves in a stronger position now that an Education Management Corp. noteholder has successfully alleged a similar breach of payment rights.
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December 04, 2014
Caesars Bondholders Rip $155M 'Backroom' Refi Deal
A group of hedge funds argued Wednesday that Caesars Entertainment Corp. breached federal law and loan indentures in a $155 million "backroom" refinancing deal with a favored creditor group that allegedly ensured their debts would be wiped out in the near-certain bankruptcy of its main operating unit.