Davis Polk advised the dealer managers in connection with cash tender offers for any and all of (i) Caesars Growth Properties Holdings, LLC’s and Caesars Growth Properties Finance, Inc.’s outstanding 9.375% second-priority senior secured notes due 2022 and (ii) Caesars Entertainment Resort Properties, LLC’s and Caesars Entertainment Resort Properties Finance, Inc.’s outstanding 8% first-priority senior secured notes due 2020 and 11% second-priority senior secured notes due 2021. All of the Caesars entities are wholly owned subsidiaries of Caesars Entertainment Corporation.
Caesars Entertainment Corporation is a casino-entertainment and hospitality services provider. The Caesars portfolio of properties consists of entertainment facilities, including gaming offerings, food and beverage outlets, hotel and convention space and non-gaming entertainment options.
The Davis Polk corporate team included partners Michael Kaplan and Shane Tintle and associates Dan Gibbons, Brian Fox and Heita Miki. Partner Mario J. Verdolini provided tax advice. All members of the Davis Polk team are based in the New York office.