On May 9, 2024, Caesars Entertainment, Inc. entered into a Fourth Amendment to Credit Agreement (the ?Amendment?), by and among the Company, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (the ?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 (as amended, restated, supplemented, waived or otherwise modified from time to time, the ?Credit Agreement?). Among other things, the Amendment reduces the interest rate margins applicable to the Company?s existing approximately $2.5 billion term B loan facility to, at the Company?s option, either a forward-looking term rate based on the secured overnight financing rate for the applicable interest period (?Term SOFR?), subject to a floor of 0.50% or  a base rate (the ?Base Rate?) determined by reference to the highest of  the rate of interest per annum last quoted by The Wall Street Journal as the ?Prime Rate?

in the United States,  the federal funds rate plus 0.50% per annum and the one-month Term SOFR plus 1.00% per annum, in each case, plus an applicable margin. Such applicable margin is 2.75% per annum in the case of any Term SOFR loan and 1.75% per annum in the case of any Base Rate loan.