The bank lenders of Caesars Entertainment Corp.’s operating unit said that they might walk away from a plan to bring the casino unit out of its $18 billion bankruptcy, potentially sending a high-stakes reorganization plan into disarray, Reuters reported yesterday. The committee of bank lenders, which includes Blackstone Group LP's GSO Capital Partners, has yet to resolve a dispute over the terms of their recovery, their lawyer Kristopher Hansen said at a hearing yesterday in U.S. Bankruptcy Court in Chicago. Hansen said that the lenders would inform the court on the status of a deal by Dec. 14, a month before a scheduled confirmation trial in Caesars Entertainment Operating Co Inc.’s long-running bankruptcy case. Without a deal, Hansen said the committee would terminate a restructuring support agreement, forcing the confirmation trial to be postponed beyond its scheduled Jan. 17 date.
