Caesars Acquisition hears from debt holders

|About: Caesars Acquisition Company (CACQ)|By:, SA News Editor

Caesars Acquisition (CACQ -7.3%) announces it received a notice of default from holders of its debt alleging the company violated asset sales covenants.

The Caesars Entertainment (CZR -2.3%) subsidiary says the claims are baseless and that it will continue to defend its asset transfers.