Company: CZR
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001590895-25-000126
Chunk: 28

Company: Caesars Entertainment, Inc.
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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008 $16,132 ____________________(a)Maturities of $546 million in 2027 were repaid with borrowings under the CEI Revolving Credit Facility and proceeds received from the partial repayment and sale of notes receivable related to our previously disclosed WSOP trademark sale. See “CEI Senior Notes due 2027” below.(b)Debt principal payments are estimated amounts based on contractual maturity and scheduled repayment dates. Interest payments are estimated based on the forward-looking SOFR curve, where applicable. Actual payments may differ from these estimates.Current Portion of Long-Term DebtThe current portion of long-term debt as of June 30, 2025 includes the principal payments on the term loans, special improvement district bonds, and other unsecured borrowings that are contractually due within 12 months. The Company may, from time to time, seek to repurchase or prepay its outstanding indebtedness. Any such purchases or repayments may be funded by existing cash balances or the incurrence of debt. The amount and timing of any repurchase will be based on business and market conditions, capital availability, compliance with debt covenants and other considerations.

Table of Contents13

CAESARS ENTERTAINMENT, INC.NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS (CONTINUED)(UNAUDITED)

Debt Discounts or Premiums and Deferred Finance ChargesDebt discounts or premiums and deferred finance charges incurred in connection with the issuance of debt are amortized to interest expense based on the related debt agreements primarily using the effective interest method. Unamortized discounts are written off and included in our gain or loss calculations to the extent we extinguish debt prior to the original maturity or scheduled payment dates.Net amortization of the debt issuance costs and the discount and/or premium associated with the Company’s indebtedness totaled $7 million for both the three months ended June 30, 2025 and 2024, and $13 million and $15 million for the six months ended June 30, 2025 and 2024, respectively, and is included in interest expense.Fair ValueThe fair value of debt has been calculated primarily based on the borrowing rates available as of June 30, 2025 and based on market quotes of our publicly traded debt. We classify the fair value of debt within Level 1 and Level 2 in the fair value hierarchy.Terms of Outstanding DebtCEI Term Loans and CEI Revolving Credit FacilityCE