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First Lien Bank, First Lien Noteholders, Second Lien Noteholders and Holders of Subsidiary Guarantee Notes RSAs, October 6, 2016

Term Changes under Second Amended Plan

Bank RSA, August 21, 2015 can be found at: http://www.ceocrestructuring.com/wp-content/uploads/2015/08/Caesars_RSA_August_21_2015.pdf

Fourth Amended and Restated RSA, July 31, 2015 can be found at: http://www.ceocrestructuring.com/wp-content/uploads/2015/08/Caesars-Summary-and-RSA.pdf

Key points about CEOC’s voluntary filing for reorganization under Chapter 11 of the United States Bankruptcy Code:

  • All Caesars properties are open for business. All Caesars Entertainment properties – including those that are owned and operated or managed by CEOC – continue to operate as usual.
  • Our Total Rewards program remains the same and guests’ status within the program is unchanged. Guests can still earn and redeem Total Rewards credits at our network of properties, and maintain their tier status and other accumulated benefits.
  • We are continuing to host meetings and events as scheduled. Our convention guests will continue to receive the same outstanding service and experiences they have come to expect from us.
  • The company has sufficient financial resources to continue operating as normal. Our properties generate strong operating cash flow.
  • Our top priority remains maintaining the highest level of service. Guests will continue to receive the rich experiences and quality service we are known for providing at our properties.

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