Harrah's Entertainment Announces Proposed $500 Million Debt Offering
The offer is subject to a number of conditions, including the receipt of approval from applicable gaming authorities and the expiration of the redemption period in respect of certain of HOC's existing senior notes and senior subordinated notes.
Harrah's Entertainment, Inc. ("Harrah's") announced today that Harrah's Operating Escrow LLC and Harrah's Escrow Corporation (the "Escrow Issuers"), wholly-owned unrestricted subsidiaries of Harrah's Operating Company, Inc. ("HOC"), are proposing to issue $500 million aggregate principal amount of second priority senior secured notes due 2018 (the "Notes") in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act").
