Announced Cesar Entertainment Corp. (CZR) to lenders about restructuring the largest operating unit of the casino plan, as the company released its new plan to get out of trouble bankruptcy through transformation of the real estate investment.
The end of the negotiations with debt holders mean that the Cesar company to decide whether they want to move ahead with plans to file the unit, after the bankruptcy in January without the support of creditors.
Mother Cesar company, which was loaded with debt after World Apollo Management (APO) and Capital valued at $ 30.7 billion in 2008, is now seeking reorganization after losing money since 2009. On the other hand, the talks resulted in the restructuring of the company to run a $ 18 billion dollars of loans with lenders and other group of senior creditors for almost three months.
The end of the negotiations with debt holders mean that the Cesar company to decide whether they want to move ahead with plans to file the unit, after the bankruptcy in January without the support of creditors.
Mother Cesar company, which was loaded with debt after World Apollo Management (APO) and Capital valued at $ 30.7 billion in 2008, is now seeking reorganization after losing money since 2009. On the other hand, the talks resulted in the restructuring of the company to run a $ 18 billion dollars of loans with lenders and other group of senior creditors for almost three months.
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