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Caesars Gives Creditors Friday Deadline To Grab Extra $1B

By Jessica Corso ( September 21, 2016, 9:03 PM EDT) -- Caesars Entertainment Corp. has promised an additional $1.2 billion contribution to help its underwater operating unit out of bankruptcy on top of the $4 billion it already pledged, but competing creditor groups will have to agree to the deal by Friday or the debtor will be forced back to the drawing board on its Chapter 11 reorganization, an Illinois federal judge was told Wednesday. ...

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