Debt (Tables)

6 Months Ended

Jun. 30, 2013

Debt Disclosure [Abstract]

Outstanding Debt

The following table presents our outstanding debt as of June 30, 2013 and December 31, 2012:

Detail of Debt (Dollars in millions)	Final Maturity		Rate(s) at June 30, 2013	Face Value at June 30, 2013			Book Value at June 30, 2013			Book Value at Dec. 31, 2012
Credit Facilities (a)
Term Loans B1 - B3	2015		3.19% - 3.28%	$	29.1		$	29.1		$	1,025.8
Term Loan B4	2016		9.50%	965.0			951.2			954.5
Term Loan B5	2018		4.44%	991.9			988.9			1,218.8
Term Loan B6	2018		5.44%	2,431.9			2,396.5			2,812.6
Revolving Credit Facility	2014		—	—			—			—
Revolving Credit Facility	2017		—	—			—			—
Secured Debt
Senior Secured Notes (a)	2017		11.25%	2,095.0			2,063.2			2,060.2
Senior Secured Notes (a)	2020		8.50%	1,250.0			1,250.0			1,250.0
Senior Secured Notes (a)	2020		9.00%	3,000.0			2,951.9			1,486.9
CMBS Financing	2015	(c)	3.68%	4,439.1			4,417.7			4,660.5
Second-Priority Senior Secured Notes (a)	2018		12.75%	750.0			743.4			742.9
Second-Priority Senior Secured Notes (a)	2018		10.00%	4,528.1			2,321.3			2,260.2
Second-Priority Senior Secured Notes (a)	2015		10.00%	214.8			179.2			173.7
Chester Downs Senior Secured Notes	2020		9.25%	330.0			330.0			330.0
PHW Las Vegas Senior Secured Loan	2015	(d)	3.05%	513.2			460.4			438.2
LINQ/Octavius Senior Secured Loan	2017		9.25%	450.0			446.8			446.5
Bill's Gamblin' Hall & Saloon Credit Facility	2019		11.00%	185.0			181.5			181.4
Subsidiary-Guaranteed Debt (b)
Senior Notes	2016		10.75%	478.6			478.6			478.6
Senior PIK Toggle Notes	2018		10.75%-11.5%	10.3			10.3			9.7
Unsecured Senior Debt (a)
5.375%	2013		5.375%	99.0			95.7			116.6
7.0%	2013		7.00%	—			—			0.6
5.625%	2015		5.625%	364.4			317.2			306.7
6.5%	2016		6.50%	248.7			206.6			200.9
5.75%	2017		5.75%	147.9			111.8			108.7
Floating Rate Contingent Convertible Senior Notes	2024		0.57%	0.2			0.2			0.2
Other Unsecured Borrowings
Special Improvement District Bonds	2037		5.30%	62.9			62.9			64.3
Other	2014		—%	47.7			47.7			47.7
Capitalized Lease Obligations	to 2017		3.57% - 11.0%	29.2			29.2			35.9
Total Debt				23,662.0			21,071.3			21,412.1
Current Portion of Long-Term Debt				(175.2		)	(158.5		)	(879.9		)
Long-Term Debt				$	23,486.8		$	20,912.8		$	20,532.2

___________________

^(a) Guaranteed by Caesars Entertainment.

^(b)   Guaranteed by Caesars Entertainment and certain wholly-owned subsidiaries of CEOC

^(c)   Based on our ability and intent, assumes the exercise of extension options to move the maturity from 2014 to 2015, subject to certain conditions.

^(d)   Based on our ability and intent, assumes the exercise of extension options to move the maturity from 2013 to 2015, subject to certain conditions.

Open market purchases of CEOC debt securities

During the second quarter 2013, we completed open market purchases of CEOC debt securities as follows: 

Debt (dollars in millions)	Maturity	Face Value		Cash Paid
5.375% Unsecured Senior Notes	2013	$	26.2	$	26.0
10.0% Second-Priority Senior Secured Notes	2018	25.0		14.9