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Once Again Harrah's Extends Bond Tender Offer

Friday, March 27, 2009

NEW YORK, New York -- As reported by Dow Jones Newswires: "Harrah's Entertainment Inc. extended its bond tender offer again Thursday, as the company struggles to reduce its debt load.

"The
  heavily indebted casino company extended its tender offer, which was set to expire Wednesday, out to April 8. The company last extended its offer on March 19.

"The company said 63%, or more than $5.4 billion, of the bonds it has offered to exchange, have been tendered. That's up from $4.5 billion a week ago.

"This offer is the second attempt the company has made to get holders to turn over their notes. The first attempt last year, failed to push out the bulk of the debt it has coming due through 2013..."

 

Caesars Entertainment
One Caesars Court
Las Vegas, NV 89119
Phone: (702) 407-6000
Fax: (901) 762-8637
Website: www.caesars.com
Caesars Entertainment owns or manages through various subsidiaries more than 40 casinos in three countries, primarily under the Harrah's, Caesars and Horseshoe brand names. Caesars also owns the World Series of PokerŪ and the London Clubs International family of casinos.
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