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Debt (Tables)
 12 Months Ended
Dec. 31, 2016
Debt Instrument [Line Items]  
Summary of Debt
 
As of December 31,
 
2016
 
2015
(In millions)
Face Value
 
Book Value
 
Book Value
CERP
$
4,618

 
$
4,563

 
$
4,627

CGP
2,330

 
2,275

 
2,337

Total debt
6,948

 
6,838

 
6,964

Current portion of long-term debt
(89
)
 
(89
)
 
(187
)
Long-term debt
$
6,859

 
$
6,749

 
$
6,777

 
 
 
 
 
 
Fair value of debt
$
7,190

 


 
 
Annual Estimated Debt Service Requirements
Estimated Debt Service Payments (1) 
 
Years Ended December 31,
(In millions)
2017
 
2018
 
2019
 
2020
 
2021
 
Thereafter
 
Total
Principal
 
 
 
 
 
 
 
 
 
 
 
 
 
CERP
$
68

 
$
25

 
$
25

 
$
3,350

 
$
1,150

 
$
—

 
$
4,618

CGP
21

 
25

 
198

 
300

 
1,099

 
687

 
2,330

Total principal
89

 
50

 
223

 
3,650

 
2,249

 
687

 
6,948

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Estimated Interest
 
 
 
 
 
 
 
 
 
 
 
 
 
CERP
390

 
390

 
400

 
360

 
130

 
—

 
1,670

CGP
180

 
190

 
190

 
160

 
90

 
40

 
850

Total interest
570

 
580

 
590

 
520

 
220

 
40

 
2,520

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal and Interest
 
 
 
 
 
 
 
 
 
 
 
 
 
CERP
458

 
415

 
425

 
3,710

 
1,280

 
—

 
6,288

CGP
201

 
215

 
388

 
460

 
1,189

 
727

 
3,180

Total principal and interest
$
659

 
$
630

 
$
813

 
$
4,170

 
$
2,469

 
$
727

 
$
9,468
Summary of Debt and Revolving Credit Facility Cash Flows from Financing Activities
Summary of Debt and Revolving Credit Facility Cash Flows from Financing Activities
 
December 31, 2016
 
December 31, 2015
(In millions)
Proceeds
 
Repayments
 
Proceeds
 
Repayments
CERP Term Loan
$
—

 
$
(25
)
 
$
—

 
$
(25
)
CERP Senior Secured Revolver
105

 
(145
)
 
230

 
(330
)
CGPH Term Loan
—

 
(12
)
 
—

 
(12
)
CGPH Senior Secured Revolving Credit Facility
15

 
(60
)
 
80

 
(35
)
Horseshoe Baltimore Credit Facility
—

 
(3
)
 
—

 
—

Horseshoe Baltimore FF&E Facility
—

 
(5
)
 
—

 
(3
)
Cromwell Credit Facility
—

 
(3
)
 
—

 
(10
)
Other debt activity
—

 
(10
)
 
—

 
(25
)
Capital lease payments
—

 
(5
)
 
—

 
(10
)
Total
$
120

 
$
(268
)
 
$
310

 
$
(450
)
Credit Facilities
Credit Facility
 
Covenant Type
 
Effective Period
 
Requirement
CERP Credit Facility
 
CERP Maximum SSLR
 
From inception
 
8.00
to 1.00
CGPH Senior Secured Term Loan
 
CGPH Maximum SSLR
 
From inception
 
6.00
to 1.00
Horseshoe Baltimore Credit and FF&E Facilities
 
CBAC Maximum SSLR
 
Q1 - Q4 2016
 
7.50
to 1.00
 
CBAC Maximum SSLR
 
Q1 - Q4 2017
 
6.00
to 1.00
 
CBAC Maximum SSLR
 
Q1 2018 and thereafter
 
4.75
to 1.00
Cromwell Credit Facility
 
Cromwell Maximum SSLR
 
Q2 2015 - Q1 2016
 
5.25
to 1.00
 
Cromwell Maximum SSLR
 
Q2 2016 - Q1 2017
 
5.00
to 1.00
 
Cromwell Maximum SSLR
 
Q2 2017 and thereafter
 
4.75
to 1.00
Caesars Entertainment Resort Properties [Member]  
Debt Instrument [Line Items]  
Summary of Debt
CERP Debt
 
As of December 31,
 
2016
 
2015
Detail of Debt (Dollars in millions)
Final
Maturity
 
Rate(s) (1)
 
Face Value
 
Book Value
 
Book Value
CERP Credit Facility
 
 
 
 
 
 
 
 
 
CERP Revolving Credit Facility (2)
2018
 
variable
 
$
40

 
$
40

 
$
80

CERP Term Loan (3)
2020
 
7.00%
 
2,425

 
2,387

 
2,403

CERP Notes
 
 
 
 
 
 
 
 
 
CERP First Lien Notes
2020
 
8.00%
 
1,000

 
993

 
992

CERP Second Lien Notes
2021
 
11.00%
 
1,150

 
1,140

 
1,138

Capital lease obligations and other
to 2017
 
various
 
3

 
3

 
14

Total CERP Debt
 
4,618

 
4,563

 
4,627

Current portion of CERP Long-Term Debt
 
(68
)
 
(68
)
 
(117
)
CERP Long-Term Debt
 
$
4,550

 
$
4,495

 
$
4,510


____________________
(1) 
Interest rate is fixed, except where noted.
(2) 
Variable interest rate for amounts currently borrowed is calculated by adding LIBOR to a base rate of 6.00%.
(3) 
Variable interest rate calculated as a fixed rate plus the greater of LIBOR or a 1% floor. The rate is set at the 1% floor as of December 31, 2016.
Caesars Growth Partners, LLC [Member]  
Debt Instrument [Line Items]  
Summary of Debt
CGP Debt
 
As of December 31,
 
2016
 
2015
(Dollars in millions)
Final
Maturity
 
Rate(s) (1)
 
Face Value
 
Book Value
 
Book Value
CGPH Credit Facilities
 
 
 
 
 
 
 
 
 
CGPH Senior Secured Revolving Credit Facility (2)
2019
 
variable
 
$
—

 
$
—

 
$
45

CGPH Senior Secured Term Loan (3)
2021
 
6.25%
 
1,146

 
1,119

 
1,126

CGPH Notes
2022
 
9.38%
 
675

 
662

 
660

Cromwell Credit Facility (4)
2019
 
11.00%
 
171

 
167

 
169

Horseshoe Baltimore Credit and FF&E Facilities
 
 
 
 
 
 
 
 
 
Horseshoe Baltimore Revolving Facility Loan (5)
2018
 
variable
 
—

 
—

 
—

Horseshoe Baltimore Credit Facility (4)
2020
 
8.25%
 
297

 
287

 
288

Horseshoe Baltimore FF&E Facility (4)(6)
2019
 
8.75%
 
22

 
22

 
27

Other Secured Debt
2018
 
8.00%
 
5

 
4

 
4

Special Improvement District Bonds
2037
 
5.30%
 
14

 
14

 
14

Capital lease obligations and other
2016
 
various
 
—

 
—

 
4

Total CGP Debt
 
2,330

 
2,275

 
2,337

Current Portion of CGP Long-Term Debt
 
(21
)
 
(21
)
 
(70
)
CGP Long-Term Debt
 
$
2,309

 
$
2,254

 
$
2,267

____________________
(1) 
Interest rate is fixed, except where noted.
(2) 
Variable interest rate calculated as LIBOR plus 5.00%.
(3) 
Variable interest rate calculated as a fixed rate plus the greater of LIBOR or a 1% floor. The rate is set at the 1% floor as of December 31, 2016.
(4) 
Variable interest rate calculated as a fixed rate plus the greater of LIBOR or a 1.25% floor. The rate is set at the 1.25% floor as of December 31, 2016.
(5) 
Variable interest rate calculated as LIBOR plus 7.00%.