Caesars Entertainment Corporation (NASDAQ:CZR) Files An 8-K Regulation FD DisclosureItem 7.01
As previously disclosed by Caesars Entertainment Corporation (“CEC”) in its Current Report on Form 8-K filed on December 19, 2016, CEC received notice (the “Bank RSA Default Notice”) from certain creditors (the “Bank Creditors”) of Caesars Entertainment Operating Company, Inc., a majority owned subsidiary of CEC (“CEOC”), alleging the existence of breaches of certain covenants and obligations under the Second Amended Restructuring Support and Forbearance Agreement, dated as of October 4, 2016, among CEC, CEOC, on behalf of itself and the subsidiary loan parties party thereto, and each of the holders of first lien bank claims party thereto (the “Bank RSA”). On December 23, 2016, CEC received a subsequent notice from the Bank Creditors stating that the Bank Creditors have withdrawn the Bank RSA Default Notice.
The information set forth in this Item 7.01 of this Current Report on Form 8-K is being furnished to Item 7.01 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any of CEC’s filings under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing. The filing of this Item 7.01 of this Current Report on Form 8-K shall not be deemed an admission as to the materiality of any information herein that is required to be disclosed solely by reason of Regulation FD.
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