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Caesars OpCo

part of Caesars Entertainment

2 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Aug 16, 2021 by Sujit Indap · across every show →

Everything said about Caesars OpCo, oldest first

Aug 16, 2021
Assertion Supported
Caesars eliminated its parent guarantee by selling OpCo equity
“The guarantee can go away according to the indentures through three different conditions. One of those conditions is if the OPCO is no longer a wholly owned subsidiary. So if they sell five percent or some portion of the OPCO stock to third parties, the guaran…”
Sujit Indap Aug 16, 2021 ▶ 26:58 Max Frumes and Sujeet Indap –Inside the Sausage Factory of the Caesar's Restructuring (Capital Allocators, EP.209)
Aug 16, 2021 negative
Assertion Supported
OpCo stock buyers were debt holders benefiting from guarantee release
“And in fact, the hedge funds that bought the stock in Opco were all hedge funds who had debt positions, who were benefiting for the release of that guarantee.”
Sujit Indap Aug 16, 2021 ▶ 27:36 Max Frumes and Sujeet Indap –Inside the Sausage Factory of the Caesar's Restructuring (Capital Allocators, EP.209)
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