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Harrah's

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 Harrah's, oldest first

Aug 16, 2021 negative
Assertion Supported
Pre-LBO Harrah's bonds were subordinated to the bottom of OpCo
“And there was also some pre LBO Harrah's debt, which the covenants and the documents didn't call for it to be repaid. So all those bonds were unsecured. They were investment grade bonds, so they were relatively low risk at the time. Since those didn't get refi…”
Sujit Indap Aug 16, 2021 ▶ 15:59 Max Frumes and Sujeet Indap –Inside the Sausage Factory of the Caesar's Restructuring (Capital Allocators, EP.209)
Aug 16, 2021 neutral
Assertion Supported
Caesars buyout took 14 months between signing and closing
“As we talk about in the book, there's this fourteen-month gap between signing and closing from December of 2006, essentially the peak of the market to Early 2008 when the financial crisis is just on the doorstep.”
Sujit Indap Aug 16, 2021 ▶ 16:49 Max Frumes and Sujeet Indap –Inside the Sausage Factory of the Caesar's Restructuring (Capital Allocators, EP.209)
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