On November 25, 2024, Caesars Entertainment, Inc. entered into a Fifth Amendment to Credit Agreement, by and among the Company, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent. The Amendment amends the Credit Agreement, dated as of July 20, 2020, by and among the Company, the lenders party thereto from time to time, the Administrative Agent and U.S. Bank National Association, as collateral agent . Among other things, the Amendment reduces the interest rate margins applicable to the Company's existing approximately $2.4 billion term B loan facility and the Company's existing approximately $2.9 billion term B-1 loan facility to, at the Company's option, either (a) a forward-looking term rate based on the secured overnight financing rate for the applicable interest period, subject to a floor of 0.50% or (b) a base rate determined by reference to the highest of (i) the rate of interest per annum last quoted by The Wall Street Journal as the Prime Rate" in the United States, (ii) the federal funds rate plus 0.50% per annum and (iii) the one-month Term SOFR plus 1.00% per annum, in each case, plus an applicable margin.

Such applicable margin is, with respect to any term B loan, 2.25% per annum in the case of any Term SOFR loan and 1.25% per annum in the case of any Base Rate loan, and with respect to any term B-1 loan, 2.25% per annum in the case of any Term SOFR loan and 1.25% per annum in the case of any Base Rate loan.