When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
ERI - Caesars-Eldorado Deal: Galloping Into The Home Stretch We See A Winner In The Making Post-COVID-19
Caesars Entertainment Inc (New) Com
Caesars (CZR) mandating a masks-for-all policy last week brings continuing uncertainty throughout the sector, slamming the Eldorado Resorts' (ERI) shares around 7% overnight to ~$40. Caesars closed at $12.05, down $0.40. At the same time, ERI announced debt refinancing and a common stock issue to build the war chest to fund its $17.3b acquisition of Caesars. ERI will assume the funding entity's debt upon conclusion of the merger. The average pricing of the three debt tranches is ~7% with maturities running to 2025. Add to that an issue of 20.7m shares of common at $39