- Caesars Entertainment Inc (NASDAQ:CZR) has closed new $3 billion senior secured credit facilities.
- The facility consists of a new $750 million (Term A Loan) senior secured term loan and a new $2.25 billion senior secured revolving credit facility resulting from an increase and extension to its existing revolving credit facility.
- With the closing, Caesars retired Caesars Resort Collection LLC’s (CRC) existing revolving credit facility and used the proceeds of the Term A Loan to prepay $750 million of CRC’s existing term B loans due December 2024.
- “This refinancing transaction will reduce interest expense while also extending debt maturities,” said CFO Bret Yunker.
- Price Action: CZR shares traded higher by 0.16% at $38.55 on the last check Thursday.
Controladora Vuela Q4 EPS $0.24 Beats $0.15 Estimate, Sales $820.00M Miss $841.30M Estimate
Controladora Vuela (NYSE:VLRS) reported quarterly earnings of $0.24 per share which beat the analyst consensus estimate of $0.15 by 60 percent. This is a 63.08 percent decrease over earnings of $0.65 per share from the
