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Debt (Tables)
3 Months Ended
Mar. 31, 2014
Debt Disclosure [Abstract]  
Outstanding Debt
The following table presents our outstanding debt from a consolidated viewpoint. Accordingly, debt owed between consolidated entities is not considered outstanding, and therefore, is not presented in the table below. See footnotes 4 and 7 to this table for greater detail.
Detail of Debt (Dollars in millions)
 
Final
Maturity
 
Rate(s)
 
Face Value
 
Book Value
 
Book Value
 
 
 
 
March 31, 2014
 
December 31, 2013
CEOC Debt
 
 
 
 
 
 
 
 
 
 
Credit Facilities (1)
 
 
 
 
 
 
 
 
 
 
Term Loans B1 - B3
 
2015
 
3.23% - 3.24%
 
$
29.0

 
$
29.0

 
$
29.0

Term Loan B4
 
2016
 
9.50%
 
957.3

 
946.3

 
948.1

Term Loan B5
 
2018
 
4.49%
 
991.9

 
989.5

 
989.3

Term Loan B6 (5)
 
2018
 
5.49%
 
2,431.9

 
2,401.7

 
2,399.9

Secured Debt
 
 
 
 
 
 
 
 
 
 
Senior Secured Notes (1)
 
2017
 
11.25%
 
2,095.0

 
2,068.0

 
2,066.4

Senior Secured Notes (1)
 
2020
 
8.50%
 
1,250.0

 
1,250.0

 
1,250.0

Senior Secured Notes (1)
 
2020
 
9.00%
 
3,000.0

 
2,955.9

 
2,954.5

Second-Priority Senior Secured Notes (1)
 
2018
 
12.75%
 
750.0

 
744.2

 
743.9

Second-Priority Senior Secured Notes (1)
 
2018
 
10.00%
 
4,528.1

 
2,484.6

 
2,433.2

Second-Priority Senior Secured Notes (1)
 
2015
 
10.00%
 
214.8

 
191.1

 
187.7

Chester Downs Senior Secured Notes
 
2020
 
9.25%
 
330.0

 
330.0

 
330.0

Bill's Gamblin' Hall & Saloon ("Bill's") Credit Facility (6)
 
2019
 
11.00%
 
185.0

 
179.9

 
179.8

Capitalized Lease Obligations
 
to 2017
 
various
 
22.2

 
22.2

 
16.7

Subsidiary-Guaranteed Debt (2)
 
 
 
 
 
 
 
 
 
 
Senior Notes
 
2016
 
10.75%
 
478.6

 
478.6

 
478.6

Senior PIK Toggle Notes
 
2018
 
10.75%/11.50%
 
11.5

 
11.5

 
10.9

Unsecured Senior Debt (1)
 
 
 
 
 
 
 
 
 
 
5.625%
 
2015
 
5.625%
 
364.4

 
334.2

 
328.3

6.5%
 
2016
 
6.50%
 
248.7

 
215.8

 
212.6

5.75%
 
2017
 
5.75%
 
147.9

 
116.7

 
115.0

Floating Rate Contingent Convertible
Senior Notes
 
2024
 
0.25%
 
0.2

 
0.2

 
0.2

Other Unsecured Borrowings
 
 
 
 
 
 
 
 
 
 
Special Improvement District Bonds
 
2037
 
5.30%
 
62.9

 
62.9

 
62.9

Other
 
2016
 
0.00% - 6.00%
 
43.4

 
43.4

 
45.9

Total CEOC Debt (4)
 
 
 
 
 
18,142.8

 
15,855.7

 
15,782.9

 
 
 
 
 
 
 
 
 
 
 
CERP Debt
 
 
 
 
 
 
 
 
 
 
Secured Debt
 
 
 
 
 
 
 
 
 
 
     CERP Senior Secured Loan (3)
 
2020
 
7.00%
 
2,493.8

 
2,445.0

 
2,449.7

     CERP First Lien Notes (3)
 
2020
 
8.00%
 
1,000.0

 
993.9

 
993.7

     CERP Second Lien Notes (3)
 
2021
 
11.00%
 
1,150.0

 
1,141.0

 
1,140.8

     Capitalized Lease Obligations
 
to 2017
 
various
 
13.7

 
13.7

 
5.4

Other Unsecured Borrowings
 
 
 
 
 
 
 
 
 
 
     Other
 
2016
 
0.00% - 6.00%
 
20.0

 
20.0

 
21.3

Total CERP Debt
 
 
 
 
 
4,677.5

 
4,613.6

 
4,610.9

 
 
 
 
 
 
 
 
 
 
 
CGP LLC Debt (7)
 
 
 
 
 
 
 
 
 
 
Secured Debt
 
 
 
 
 
 
 
 
 
 
PHW Las Vegas Senior Secured Loan
 
2015
 
3.01%
 
485.1

 
454.1

 
456.1

Baltimore Credit Facility
 
2020
 
8.25%
 
225.0

 
214.8

 
214.5

Capitalized Lease Obligations
 
to 2017
 
various
 
0.1

 
0.1

 
0.1

Other Unsecured Borrowing
 
 
 
 
 
 
 
 
 
 
Other
 
2014 - 2018
 
various
 
51.1

 
51.1

 
51.0

Total CGP LLC Debt
 
 
 
 
 
761.3

 
720.1

 
721.7

 
 
 
 
 
 
 
 
 
 
 
Caesars Entertainment Other Unsecured Borrowing
 
2014
 
2.99%
 
2.1

 
2.1

 

 
 
 
 
 
 
 
 
 
 
 
Total Debt
 
 
 
 
 
23,583.7

 
21,191.5

 
21,115.5

Current Portion of Long-Term Debt
 
 
 
 
 
(197.2
)
 
(197.2
)
 
(197.1
)
Long-Term Debt
 
 
 
 
 
$
23,386.5

 
$
20,994.3

 
$
20,918.4

___________________
(1)
Guaranteed by Caesars Entertainment.
(2) 
Guaranteed by Caesars Entertainment and certain wholly owned subsidiaries of CEOC.
(3)  
Guaranteed by Caesars Entertainment Resort Properties and its subsidiaries.
(4)  
$1,146.8 million face value of debt issued by CEOC is held by other consolidated entities, substantially all of which is held by CGP LLC. Accordingly, such debt is not considered outstanding in the above presentation.
(5) 
The Term B-6 Loans have a springing maturity to April 14, 2017 if more than $250.0 million of CEOC's 11.25% senior secured notes due 2017 remain outstanding on April 14, 2017.
(6) 
During the three months ended March 31, 2014, the Company announced the agreement to sell the property to CGP LLC. As part of this transaction, CGP LLC will assume this debt. See Note 5, "Property Transaction with CGP LLC and Related Financing".
(7) 
As of March 31, 2014 and December 31, 2013, under the CGP LLC structure, CIE has $39.8 million drawn under a revolver arrangement with Caesars Entertainment. Accordingly, such debt is eliminated in consolidation.