Company: CZR
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001590895-25-000068
Chunk: 599

Company: Caesars Entertainment, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1A
Chunk 599
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 Term Loans and the CVA Delayed Draw Term Loan. No amounts were outstanding under the CEI Revolving Credit Facility or the CVA Revolving Credit Facility. 

The table below provides information as of December 31, 2024 about our fixed rate and variable rate financial instruments that are sensitive to changes in interest rates, including the cash flows associated with amortization and average interest rates. Principal amounts are used to calculate the payments to be exchanged under the related agreements and average variable rates are based on implied forward rates in the yield curve as of December 31, 2024 and should not be considered a predictor of actual future interest rates.

Expected Maturity Date(Dollars in millions)20252026202720282029ThereafterTotalFair ValueLiabilitiesLong-term debtFixed rate$2 $2 $548 $2 $1,202 $4,634 $6,390 $6,329 Average interest rate4.3 %4.3 %8.1 %4.3 %4.6 %6.6 %6.3 %Variable rate$107 $107 $107 $637 $282 $4,664 $5,904 $5,938 Average interest rate6.4 %6.2 %6.3 %6.0 %7.0 %6.4 %6.4 %

As of December 31, 2024, borrowings outstanding under our CEI credit agreement and the CVA Delayed Draw Term Loan were variable-rate borrowings. Assuming a 100 basis-point increase in Term SOFR, our annual interest cost would change by approximately $59 million based on gross amounts outstanding at December 31, 2024.

We do not purchase or hold any derivative financial instruments for trading purposes.

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Item 8.    Financial Statements and Supplementary Data

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS OF

CAESARS ENTERTAINMENT, INC.

PageReport of Independent Registered Public Accounting Firm58Consolidated Balance Sheets60Consolidated Statements of Operations61Consolidated Statements of Comprehensive Income (Loss)62Consolidated Statements of Stockholders’ Equity63Consolidated Statements of Cash Flows64Notes to Consolidated Financial Statements66

Table of Contents57

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the stockholders and the Board of Directors