Jefferies Shops $5 Billion Debt for Icahn’s Possible Caesars Bid

Jefferies Financial Group is arranging debt financing of approximately $5 billion to support a potential bid by Carl Icahn for Caesars Entertainment, according to reporting on the matter. The financing would be used to fund Icahn's possible acquisition offer for the casino operator. Jefferies is currently canvassing investors to gauge demand for the debt. No formal bid from Icahn for Caesars has been announced.

Next story