Caesars -5.8% AH on news of 7M-share offering

|About: Caesars Entertainment (CZR)|By:, SA News Editor

At current levels, Caesars' (CZR) offering would yield gross proceeds of $139M. Underwriters will have a 1.05M-share overallotment option. (PR)

The casino owner ended 2013 with over $3B in cash/investments, and a whopping $21.1B in debt.

Earlier: Caesars closing Mississippi casino