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Caesars Entertainment Announces Public Common Stock Offering

RENO, Nev. and LAS VEGAS, Sept. 28, 2020 /PRNewswire/ — Caesars Entertainment, Inc. (NASDAQ: CZR) today announced that it has commenced an underwritten public offering of 30,000,000 shares of its common stock.  In connection with the offering, the company intends to grant the underwriters a 30-day option to purchase up to an additional 4,500,000 shares of its common stock. The company expects to use the net proceeds from the offering for general corporate purposes, including, potentially, the previously announced possible cash offer for the entire issued and to be issued share capital of William Hill plc. 

Deutsche Bank Securities and J.P. Morgan are acting as joint lead book-running managers for the offering.

The offering is being made pursuant to an effective shelf registration statement (containing a prospectus) filed with the Securities Exchange Commission.  A preliminary prospectus supplement relating to the offering will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov.  Copies of the preliminary prospectus supplement and accompanying prospectus relating to the offering may be obtained from Deutsche Bank Securities Inc., Prospectus Group, 60 Wall Street, New York, NY 10005, or by telephone at (800) 503-4611, or by email at [email protected] or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by calling toll-free (866) 803-9204, or by email at [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or other jurisdiction.

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Article source: https://www.prnewswire.com/news-releases/caesars-entertainment-announces-public-common-stock-offering-301138873.html

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