{"id":8506,"date":"2015-01-13T00:19:01","date_gmt":"2015-01-13T00:19:01","guid":{"rendered":"https:\/\/forumarchives.tmsites.net\/index.php\/2015\/01\/13\/creditors-attempting-to-block-caesars-planned-restructuring\/"},"modified":"2015-01-13T00:19:01","modified_gmt":"2015-01-13T00:19:01","slug":"creditors-attempting-to-block-caesars-planned-restructuring","status":"publish","type":"post","link":"https:\/\/forumarchives.tmsites.net\/index.php\/2015\/01\/13\/creditors-attempting-to-block-caesars-planned-restructuring\/","title":{"rendered":"Creditors attempting to block Caesars planned restructuring"},"content":{"rendered":"<p><!-- Original Post Content --><br \/>\nJunior level creditors of Caesars Entertainment Corp. are attempting to block this week\u2019s planned restructuring of the casino company\u2019s primary business unit.<\/p>\n<p>\tThe lenders, led by Appaloosa Investment LP, filed an involuntary Chapter 11 bankruptcy against Caesars Entertainment Operating Co. on Monday in Delaware. The move is an attempt to stop a restructuring deal between Caesars and its senior creditors.<\/p>\n<p>\tLast week, Caesars announced 60 percent support for a plan that would put CEOC into Chapter 11 bankruptcy protection voluntarily and turn it into a real estate investment trust. The move would eliminate almost $10 billion of the business unit\u2019s $18.4 billion of debt.<\/p>\n<hr>\n<h3>Replies:<\/h3>\n<p>No replies were posted for this topic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Junior level creditors of Caesars Entertainment Corp. are attempting to block this week\u2019s planned restructuring of the casino company\u2019s primary business unit. The lenders, led by Appaloosa Investment LP, filed an involuntary Chapter 11 bankruptcy against Caesars Entertainment Operating Co&#8230;.<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-8506","post","type-post","status-publish","format-standard","hentry","category-latest-casino-news"],"_links":{"self":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/8506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/comments?post=8506"}],"version-history":[{"count":0,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/8506\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/media?parent=8506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/categories?post=8506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/tags?post=8506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}