Caesars Entertainment, Inc. Closes Sale of the LINQ Promenade
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Caesars Entertainment, Inc. has completed the sale of the LINQ Promenade for $275 million to a joint venture between TPG Real Estate and Acadia Realty Trust. The proceeds were used to make a voluntary prepayment on Caesars' Term Loan B due 2030.
December 12, 2024 | 11:00 pm
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Caesars Entertainment has sold the LINQ Promenade for $275 million, using the proceeds to prepay a portion of its Term Loan B due 2030.
The sale of the LINQ Promenade provides Caesars with $275 million, which was used to reduce its debt. This is a positive financial move, likely to improve the company's balance sheet and potentially enhance investor confidence.
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