Caesars Palace places bet in hot CMBS market

Creditors of Caesars Palace in Las Vegas have turned to the CMBS market to raise debt against the casino to help finance the Chapter 11 restructuring of the business.

  • By David Bell
  • 08 Nov 2017

The new CMBS transaction, Caesars Palace Las Vegas Trust 2017-VICI, is backed by the cash flows on a $1.6bn five year interest only loan secured on the Caesars Palace hotel and casino in Las Vegas.

The owner of the property, Caesars Entertainment Operating Company (CEOC), filed for Chapter ...

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