Caesars’ debt weighs heavily on Fertitta’s billion-dollar offer – CDC Gaming

For every dollar Texas billionaire Tilman Fertitta is paying Caesars Entertainment Inc. shareholders, he is assuming roughly two dollars of the casino giant’s debt.

Caesars’ nearly $12 billion debt load accounts for about two-thirds of the company’s $17.6 billion acquisition price, a structure that reflects years of acquisitions, restructurings and refinancing transactions that reshaped the casino operator’s…