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Caesars Enters Into Credit Facility to Redevelop Las Vegas Property
- Client News
- November 2, 2012
Paul, Weiss client Caesars Entertainment Corporation (CEC) and its indirect subsidiary, Corner Investment Propco, LLC, entered into a $185 million credit agreement with Credit Suisse AG, Cayman Islands Branch, as administrative agent. The proceeds of the credit facility will be used to finance the redevelopment of Bill's Gamblin' Hall & Saloon, which will include a hotel, a restaurant, a club, a new parking garage structure and various other support facilities.
The Paul, Weiss team included corporate partners Gregory Ezring and Mark Wlazlo and corporate counsel Brian Finnegan; and real estate partner Peter Fisch.