Caesars Lender Perry Said to Leave Debt-Restructuring Talks
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Perry Corp., the $10.9 billion hedge-fund firm that is a creditor to Caesars Entertainment Corp.’s largest unit, walked away from talks to restructure $18.3 billion of the casino operator’s debt, according to a person with knowledge of the discussions.
The fund run by Richard Perry declined to extend a non-disclosure agreement that gave it access to private information meant to facilitate reorganization talks, said the person, who asked not to be identified because the information isn’t public. Caesars said in a statement today that a lender left the talks, though it didn’t identify the firm.