Caesars Entertainment Corp (NASDAQ:CZR) announced yesterday it plans to file for Chapter 11 bankruptcy next month, according to which it will undergo a debt restructuring scheme. With the restructuring program, the company's outstanding debt of $18.4 billion is expected to drop almost 50% in value.
Caesars Entertainment Corp (NASDAQ:CZR) announced yesterday it plans to file for Chapter 11 bankruptcy next month, according to which it will undergo a debt restructuring scheme. With the restructuring program, the company's outstanding debt of $18.4 billion is expected to drop almost 50% in value.
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