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Partner Craig Barbarosh Discusses Caesars Entertainment in Dow Jones Daily Bankruptcy Review

Firm News | May 28, 2013
Craig Barbarosh, a partner in the Insolvency and Restructuring practice, talked with Dow Jones Daily Bankruptcy Review about the challenges facing Caesars Entertainment, which has nearly $5 billion in debt coming due in 2015 and saw its S&P rating downgraded after weaker-than-expected operating performance for the first quarter of 2013. “Something has to happen to deal with their upcoming maturities and cash flow issues,” said Mr. Barbarosh, who has worked on numerous gaming cases and suggested that Caesars may opt for further refinancing or some sort of debt-for-equity transaction. He added, “I think they will do everything they can to avoid a [bankruptcy] filing.” (Caesars Entertainment Struggles Under Heavy Debt Load, May 23, 2013)
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