Caesars Entertainment, Inc. announced the settlement of the cash tender offer for any and all of the Company's outstanding 6.250% Senior Secured Notes due 2025 (the "Notes"). Additionally, the Company announced it has satisfied and discharged its outstanding Notes in accordance with the terms and conditions of the Notes and the indenture governing the Notes (the "Indenture"). The satisfaction and discharge involves the redemption of the Notes on July 1, 2024 (the "Redemption Date), at a redemption price per Note of 100.000% of the principal amount of the Notes, plus accrued and unpaid interest up to, but excluding, the redemption Date.

The Company announced that it has deposited sufficient U.S. Government Obligations (as defined in the Indenture) in trust with U.S. Bank Trust Company, National Association, the trustee under the Indenture, to satisfy and discharge the Notes and the Indenture, and the trustee has acknowledged such satisfaction and discharge.