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<TITLE>FORM 8-K</TITLE>
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 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 8-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant
to Section&nbsp;13 or 15(d) </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>September 18, 2013 (September 17, 2013) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>Caesars
Entertainment Corporation </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>001-10410</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>62-1411755</B></TD></TR>
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<TD VALIGN="top" ALIGN="center"><B>(State of Incorporation)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(IRS Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification Number)</B></P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>One Caesars Palace Drive </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Las Vegas, Nevada 89109 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of principal executive offices) (Zip Code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(702) 407-6000 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Registrant&#146;s&nbsp;telephone&nbsp;number,&nbsp;including&nbsp;area&nbsp;code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>N/A </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former Name or
Former Address, if Changed Since Last Report) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;8.01 Other Events </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On September 17, 2013, Caesars Entertainment Corporation (&#147;Caesars&#148;) announced that it has begun a refinancing process for the
outstanding mortgage loans under the Second Amended and Restated Loan Agreement, dated as of August&nbsp;31, 2010, among certain subsidiaries of Caesars, Bank of America, N.A., as collateral agent, and the lenders party thereto (the &#147;Mortgage
Loan Agreement&#148;), and the outstanding mezzanine loans under the mezzanine loan agreements for each tranche of mezzanine loans with certain subsidiaries of Caesars, Bank of America, N.A., as collateral agent, and the lenders party thereto
(together with the Mortgage Loan Agreement, the &#147;CMBS Facilities&#148;). The borrowers under the CMBS Facilities (the &#147;Existing CMBS Borrowers&#148;) are launching an offer to repurchase for cash (the &#147;CMBS Repurchase&#148;)
(i)&nbsp;100% of the aggregate principal amount of mortgage loans at a price of $0.99 per $1.00 of principal plus accrued and unpaid interest and (ii)&nbsp;100% of the aggregate principal amount of mezzanine loans at a price of $0.90 per $1.00 of
principal plus accrued and unpaid interest. The consummation of the CMBS Repurchase is conditioned upon the acceptance by lenders holding at least 65% of the outstanding aggregate principal amount of the mortgage loans and 85% of the outstanding
aggregate principal amount of the mezzanine loans. The lenders under the CMBS Facilities have 10 business days to respond to the Existing CMBS Borrowers&#146; offer to participate in the CMBS Repurchase. Upon the consummation of the CMBS Repurchase,
the mortgage loans and mezzanine loans and all related loan documents and security with respect thereto will be terminated. As of September 17, 2013, lenders holding approximately 63% of the outstanding aggregate principal amount of mortgage loans
and approximately 84% of the outstanding aggregate principal amount of mezzanine loans have accepted the offer to participate in the CMBS Repurchase. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As of June&nbsp;30, 2013, there were approximately $4.4 billion of loans outstanding under the CMBS Facilities. Pursuant to the existing terms
of the CMBS Facilities, the maturity of the facilities may, subject to certain conditions, be extended until February&nbsp;2015. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In
connection with these transactions, certain subsidiaries of Caesars (the &#147;New Borrowers&#148;) are launching the syndication of $3,269.5 million of new senior secured credit facilities (the &#147;Senior Facilities&#148;), consisting of a $3,000
million term loan facility and a $269.5 million revolving credit facility, to finance the CMBS Repurchase and refinance (the &#147;Octavius/Linq Repayment&#148;) the $450 million senior secured credit facility entered into by Octavius Linq Holding
Co., LLC, an indirect subsidiary of Caesars (&#147;Octavius/Linq Holdings&#148;). Additionally, the New Borrowers intend to launch an offering of $500 million of first lien notes (the &#147;First Lien Notes&#148;) and $1,350 million of second lien
notes (the &#147;Second Lien Notes&#148; and, together with the Senior Facilities and the First Lien Notes, the &#147;New Financing&#148;) pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended, to finance the CMBS
Repurchase and Octavius/Linq Repayment. Concurrently with the closing of the New Financing, Caesars intends to transfer (the &#147;Octavius/Linq Transfer&#148;) the equity interests in the subsidiaries of Octavius/Linq Holdings that own the assets
comprising Octavius Tower at Caesars Palace Las Vegas and &#147;Project Linq&#148; (including the &#147;High Roller Observation Wheel&#148;) to Rio Properties, LLC, an indirect subsidiary of Caesars, which will be a borrower and issuer under the New
Financing. The CMBS Repurchase, Octavius/Linq Repayment, Octavius/Linq Transfer and the New Financing are subject to required regulatory approvals and market and other conditions, and may not occur as described or at all. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Certain of the lenders of the mortgage loans who accepted the offer to participate in the CMBS Repurchase (the &#147;Accepting Mortgage
Holders&#148;) and the lenders of the mezzanine loans who accepted the offer to participate in the CMBS Repurchase (the &#147;Accepting Mezz Holders&#148;) have agreed, under certain circumstances, to initiate the buy-sell mechanisms under the CMBS
Facilities to purchase for cash outstanding loans held by lenders who do not accept the Existing CMBS Borrowers&#146; offer to participate in the CMBS Repurchase (the &#147;Non-Accepting Holders&#148;). The New Borrowers will provide the funding to
the Accepting Mortgage Holders and the Accepting Mezz Holders to fund their purchase for cash of the mortgage loans and mezzanine loans (the &#147;Buy-Sell Loans&#148;) from the Non-Accepting Holders. The purchased Buy-Sell Loans will be delivered
to the Existing CMBS Borrowers for cancellation on the closing date. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Caesars is disclosing the foregoing information under Item&nbsp;8.01 of this Current Report on
Form 8-K. This Current Report shall not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be
unlawful. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" COLSPAN="3">CAESARS ENTERTAINMENT CORPORATION</TD></TR>
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<TD VALIGN="top">Date: September 18, 2013</TD>
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<TD VALIGN="bottom">By:</TD>
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<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Michael D. Cohen</P></TD></TR>
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<TD VALIGN="bottom">Michael D. Cohen</TD></TR>
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<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Senior Vice President, Deputy General Counsel</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">and Corporate Secretary</P></TD></TR>
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FORM 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d)
of the Securities Exchange Act of 1934
September 18, 2013 (September 17, 2013)
Date of Report (Date of earliest event reported)
Caesars
Entertainment Corporation
(Exact name of registrant as specified in its charter)
Delaware
001-10410
62-1411755
(State of Incorporation)
(Commission
File Number)
(IRS Employer
Identification Number)
One Caesars Palace Drive
Las Vegas, Nevada 89109
(Address of principal executive offices) (Zip Code)
(702) 407-6000
(Registrant's telephone number, including area code)
N/A
(Former Name or
Former Address, if Changed Since Last Report)
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events
On September 17, 2013, Caesars Entertainment Corporation ("Caesars") announced that it has begun a refinancing process for the
outstanding mortgage loans under the Second Amended and Restated Loan Agreement, dated as of August 31, 2010, among certain subsidiaries of Caesars, Bank of America, N.A., as collateral agent, and the lenders party thereto (the "Mortgage
Loan Agreement"), and the outstanding mezzanine loans under the mezzanine loan agreements for each tranche of mezzanine loans with certain subsidiaries of Caesars, Bank of America, N.A., as collateral agent, and the lenders party thereto
(together with the Mortgage Loan Agreement, the "CMBS Facilities"). The borrowers under the CMBS Facilities (the "Existing CMBS Borrowers") are launching an offer to repurchase for cash (the "CMBS Repurchase")
(i) 100% of the aggregate principal amount of mortgage loans at a price of $0.99 per $1.00 of principal plus accrued and unpaid interest and (ii) 100% of the aggregate principal amount of mezzanine loans at a price of $0.90 per $1.00 of
principal plus accrued and unpaid interest. The consummation of the CMBS Repurchase is conditioned upon the acceptance by lenders holding at least 65% of the outstanding aggregate principal amount of the mortgage loans and 85% of the outstanding
aggregate principal amount of the mezzanine loans. The lenders under the CMBS Facilities have 10 business days to respond to the Existing CMBS Borrowers' offer to participate in the CMBS Repurchase. Upon the consummation of the CMBS Repurchase,
the mortgage loans and mezzanine loans and all related loan documents and security with respect thereto will be terminated. As of September 17, 2013, lenders holding approximately 63% of the outstanding aggregate principal amount of mortgage loans
and approximately 84% of the outstanding aggregate principal amount of mezzanine loans have accepted the offer to participate in the CMBS Repurchase.
As of June 30, 2013, there were approximately $4.4 billion of loans outstanding under the CMBS Facilities. Pursuant to the existing terms
of the CMBS Facilities, the maturity of the facilities may, subject to certain conditions, be extended until February 2015.
In
connection with these transactions, certain subsidiaries of Caesars (the "New Borrowers") are launching the syndication of $3,269.5 million of new senior secured credit facilities (the "Senior Facilities"), consisting of a $3,000
million term loan facility and a $269.5 million revolving credit facility, to finance the CMBS Repurchase and refinance (the "Octavius/Linq Repayment") the $450 million senior secured credit facility entered into by Octavius Linq Holding
Co., LLC, an indirect subsidiary of Caesars ("Octavius/Linq Holdings"). Additionally, the New Borrowers intend to launch an offering of $500 million of first lien notes (the "First Lien Notes") and $1,350 million of second lien
notes (the "Second Lien Notes" and, together with the Senior Facilities and the First Lien Notes, the "New Financing") pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended, to finance the CMBS
Repurchase and Octavius/Linq Repayment. Concurrently with the closing of the New Financing, Caesars intends to transfer (the "Octavius/Linq Transfer") the equity interests in the subsidiaries of Octavius/Linq Holdings that own the assets
comprising Octavius Tower at Caesars Palace Las Vegas and "Project Linq" (including the "High Roller Observation Wheel") to Rio Properties, LLC, an indirect subsidiary of Caesars, which will be a borrower and issuer under the New
Financing. The CMBS Repurchase, Octavius/Linq Repayment, Octavius/Linq Transfer and the New Financing are subject to required regulatory approvals and market and other conditions, and may not occur as described or at all.
Certain of the lenders of the mortgage loans who accepted the offer to participate in the CMBS Repurchase (the "Accepting Mortgage
Holders") and the lenders of the mezzanine loans who accepted the offer to participate in the CMBS Repurchase (the "Accepting Mezz Holders") have agreed, under certain circumstances, to initiate the buy-sell mechanisms under the CMBS
Facilities to purchase for cash outstanding loans held by lenders who do not accept the Existing CMBS Borrowers' offer to participate in the CMBS Repurchase (the "Non-Accepting Holders"). The New Borrowers will provide the funding to
the Accepting Mortgage Holders and the Accepting Mezz Holders to fund their purchase for cash of the mortgage loans and mezzanine loans (the "Buy-Sell Loans") from the Non-Accepting Holders. The purchased Buy-Sell Loans will be delivered
to the Existing CMBS Borrowers for cancellation on the closing date.
Caesars is disclosing the foregoing information under Item 8.01 of this Current Report on
Form 8-K. This Current Report shall not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be
unlawful.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
CAESARS ENTERTAINMENT CORPORATION
Date: September 18, 2013
By:
/s/ Michael D. Cohen
Michael D. Cohen
Senior Vice President, Deputy General Counsel
and Corporate Secretary