Caesars Entertainment amends credit agreement at gaming bodies’ request

By Wendy Van Sickle

Columbus, Ohio, Nov. 10 – Caesars Entertainment, Inc. amended its credit agreement on Wednesday at the request of the Nevada Gaming Control Board and the New Jersey Casino Control Commission, according to an 8-K filing with the Securities and Exchange Commission.

The amendment provides that Caesars will not request revolving loans or the issuance of letters of credit to the extent that the funding of such loans or the issuance of such letters of credit would cause the unused portion of the revolving commitments to be less than the amount of certain deposits received from patrons and held by the borrower or its subsidiaries.

JPMorgan Chase Bank, NA is the administrative agent for the credit agreement, which is originally dated July 20, 2020.

Caesars is a Reno, Nev.-based gaming-entertainment company.

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