Company: CZR
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001590895-25-000068
Chunk: 1066

Company: Caesars Entertainment, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 2
Chunk 1066
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ities of long-term debt$109 $109 $655 $639 $1,484 $9,298 $12,294 Estimated interest payments790 780 780 690 670 730 4,440 Total debt service obligation (a)$899 $889 $1,435 $1,329 $2,154 $10,028 $16,734 ____________________(a)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 December 31, 2024 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 Contents79

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

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 $30 million, $48 million and $139 million for the years ended December 31, 2024, 2023 and 2022, 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 December 31, 2024 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 FacilityCEI is party to a credit agreement, dated