Caesars Entertainment Corp. said its unit filed an amended restructuring plan along with a disclosure statement in a U.S. bankruptcy court, Reuters reported today. The plan, supported by 80 percent of the unit's first-lien debtholders, also provides for higher recoveries to its junior creditors. The casino operator said that its unit was not seeking a hearing to approve the disclosure statement and solicit votes on the amended plan at this time. The company's operating unit filed for chapter 11 in January; it has been battling creditors over bankruptcy of unit and plans to restructure the unit's $18 billion debt.
