New York (February 11th, 2013) - Caesars Entertainment Corporation (NASDAQ:CZR) announced that Caesars Operating Escrow LLC and Caesars Escrow Corporation, wholly owned unrestricted subsidiaries of Caesars Entertainment Operating Company, Inc. are proposing to issue $1,500.00 million aggregate principal amount of 9% senior secured notes due 2020.
Caesars intends to use the net proceeds from the offering to repay certain outstanding term loans and to pay related fees and expenses.
Caesars Entertainment is the world's most diversified casino-entertainment company. Since its beginning in Reno, Nevada, more than 75 years ago, Caesars has grown through development of new resorts, expansions, and acquisitions, and now operates casinos on four continents.
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RadioShack Corp. (NYSE:RSH) announced that Joseph C. Magnacca, an experienced retail executive and merchant, has been appointed chief executive officer of the Company effective February 11. Mr. Magnacca has also been named a member of RadioShack's Board of Directors.
Mr. Magnacca, 50, is currently executive vice president and president of Daily Living Products and Solutions for Walgreen Co., where he oversees all of Walgreen's marketing and merchandising operations across more than 8,000 stores.
RadioShack (RSH) is a leading national retailer of innovative mobile technology products and services, as well as products related to personal and home technology and power supply needs.
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