28.03.2014 17:47:00

Caesars Growth Properties Holdings, LLC -- Moody's assigns B3 CFR to Caesars Growth Properties, negative rating outlook

New York, March 28, 2014 -- Moody's Investors Service today assigned a B3 Corporate Family rating and B3-PD Probability of Default rating to Caesars Growth Properties Holdings, LLC ("CGPH"), a wholly owned indirect subsidiary of Caesars Growth Partners, LLC ("CGP"). Moody's also assigned a B2 rating to CGPH's proposed $1.175 billion 7-year first lien term loan and $150 million revolver, and a Caa2 rating to the company's proposed $675 million 8-year second priority senior secured notes. The rating outlook is negative.

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