Credit hedge funds get go-ahead to chase Caesars holdco for payment

Wednesday, July 22, 2015

Judge rules Caesars Entertainment must defend $11 billion lawsuit from creditors despite operating firm bankruptcy 

TAGS: Distressed debt

Comment by: Anonymous. Posted 8 years ago [2015-07-23 14:27:01]

That's life in the world of debt guarantees. Hard to see why this question needed litigation. It's also perplexing that the Holdco's bond is anywhere near par if this issuer claims it may be heading to bankruptcy.

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