Gaming firm caesars growth partners has launched a US$1.325bn loan to back the acquisition of four casino properties. The financing, with Caesars Growth Properties Holdings as the listed borrower, will consist of a US$1.175bn first-lien term loan and a US$150m revolver. Credit Suisse leads the seven-year transaction. Pricing is guided at 575bp over Libor with a 1% Libor floor and an OID of 99. Details are out on the US$745m leveraged loan backing Hellman & Friedman's US$1.1bn buyout of education company renaissance learning.
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