Company: CZR
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001590895-25-000068
Chunk: 236

Company: Caesars Entertainment, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 236
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CONTINUED)

The Company recorded a gain of $38 million during the year ended December 31, 2022, which is included in Transaction and other costs, net in our Statements of Operations, as the proceeds received for the cost to replace damaged property is in excess of the respective carrying value of the assets. The construction of our new land-based casino, Horseshoe Lake Charles, was completed and reopened in December 2022.

Note 9. Long-Term Debt

December 31, 2024December 31, 2023(Dollars in millions)Final MaturityRatesFace ValueBook ValueBook ValueSecured DebtCEI Revolving Credit Facility2028variable$— $— $— CEI Term Loan A2028variable675 673 710 CVA Revolving Credit Facility2029variable— — — CVA Delayed Draw Term Loan2029variable295 288 — CEI Term Loan B2030variable2,056 2,021 2,432 CEI Term Loan B-12031variable2,878 2,844 — CEI Senior Secured Notes due 203020307.00%2,000 1,982 1,978 CEI Senior Secured Notes due 203220326.50%1,500 1,484 — CEI Senior Secured Notes due 2025N/AN/A— — 3,374 CRC Senior Secured NotesN/AN/A— — 983 Unsecured DebtCEI Senior Notes due 202720278.125%546 542 1,593 CEI Senior Notes due 202920294.625%1,200 1,190 1,188 CEI Senior Notes due 203220326.00%1,100 1,086 — Special Improvement District Bonds20374.30%42 42 45 Long-term notes and other payables2 2 2 Total debt12,294 12,154 12,305 Current portion of long-term debt(109)(109)(65)Deferred finance charges associated with the CEI Revolving Credit Facility— (12)(16)Long-term debt$12,185 $12,033 $12,224 Unamortized discounts and deferred finance charges$152 $150 Fair value$12,267 Annual Estimated Debt Service RequirementsYears Ended