Form 8-K - Current report

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)

[phone]

(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. ☐

 

 

 

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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.

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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

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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