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October 24, 2014

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Caesars unit said to tap Kirkland & Ellis to lead restructuring talks

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STEVE MARCUS

People stroll through the Linq Wednesday, April 9, 2014. The $550 million Linq project is a retail, dining and entertainment district developed by Caesars Entertainment Corp.

Caesars Entertainment Corp. (CZR)’s largest unit hired law firm Kirkland & Ellis LLP to advise the casino operator on how to reorganize its $17.4 billion of debt, according to a person with knowledge of the appointment.

Caesars Entertainment Operating Co. selected the New York-based company after taking pitches from restructuring firms this week, said the person, who asked not to be named because the matter is private.

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