Trilogy Portfolio Company, L.L.C. et al v. Caesars Entertainment Corporation et al

  1. 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.

  2. 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.

  3. 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.

  4. 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.

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