11/30/2010

Bank of America is placing on the market $1.46 billion of real estate debt tied to Caesars Entertainment, according to a source. The two-part offering will consist of a $1.13 billion senior mortgage loan and $328 million in mezzanine debt. Caesars, formerly Harrah's Entertainment, had been planning an initial public offering but canceled it because of market conditions. The loans are related to Harrah's acquisition by Apollo Global Management and TPG Capital.

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