Caesars Entertainment Enters Material Definitive Agreement

Ticker: CZR · Form: 8-K · Filed: 2024-05-09T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, financial-obligation

TL;DR

Caesars just signed a big deal, check the 8-K for details.

AI Summary

On May 9, 2024, Caesars Entertainment, Inc. entered into a material definitive agreement related to a financial obligation. The company, formerly known as Eldorado Resorts, Inc., filed this 8-K report to disclose this event. The filing also includes financial statements and exhibits.

Why It Matters

This filing indicates a significant financial commitment or obligation for Caesars Entertainment, which could impact its financial health and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can involve significant financial commitments or obligations, the details of which require further analysis to assess risk.

Key Players & Entities

FAQ

What specific material definitive agreement did Caesars Entertainment enter into?

The filing states that Caesars Entertainment, Inc. entered into a material definitive agreement, but the specific details of the agreement are not provided in this summary section of the 8-K.

What is the nature of the financial obligation being reported?

The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement of a registrant, but the exact nature and amount are not detailed here.

When was this agreement entered into?

The earliest event reported, which includes the entry into the material definitive agreement, occurred on May 9, 2024.

What is the company's former name?

The company's former name was Eldorado Resorts, Inc.

What is the primary business of Caesars Entertainment, Inc. according to the filing?

According to the filing, the Standard Industrial Classification code is HOTELS & MOTELS [7011].

From the Filing

0001193125-24-135268.txt : 20240509 0001193125-24-135268.hdr.sgml : 20240509 20240509161113 ACCESSION NUMBER: 0001193125-24-135268 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240509 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240509 DATE AS OF CHANGE: 20240509 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Caesars Entertainment, Inc. CENTRAL INDEX KEY: 0001590895 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 463657681 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36629 FILM NUMBER: 24930699 BUSINESS ADDRESS: STREET 1: 100 WEST LIBERTY STREET, 12TH FLOOR CITY: RENO STATE: NV ZIP: 89501 BUSINESS PHONE: 775-328-0100 MAIL ADDRESS: STREET 1: 100 WEST LIBERTY STREET, 12TH FLOOR CITY: RENO STATE: NV ZIP: 89501 FORMER COMPANY: FORMER CONFORMED NAME: Eldorado Resorts, Inc. DATE OF NAME CHANGE: 20140919 FORMER COMPANY: FORMER CONFORMED NAME: Eclair Holdings Co DATE OF NAME CHANGE: 20131104 8-K 1 d827488d8k.htm 8-K 8-K false 0001590895 0001590895 2024-05-09 2024-05-09     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 May 9, 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) (775) 328-0100 (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. ☐       Item 1.01 Entry into a Material Definitive Agreement. On May 9, 2024, Caesars Entertainment, Inc. (the “Company”), a Delaware corporation, entered into a Fourth Amendment to Credit Agreement (the “Amendment”), by and among the Company, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (the “Administrati

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