Caesars Entertainment Corporation
CAESARS ENTERTAINMENT Corp (Form: 4, Received: 10/11/2017 17:51:47)
FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Hamlet Holdings LLC
2. Issuer Name and Ticker or Trading Symbol

CAESARS ENTERTAINMENT Corp [ CZR ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

C/O TPG GLOBAL, LLC,, 301 COMMERCE STREET, SUITE 3300
3. Date of Earliest Transaction (MM/DD/YYYY)

10/6/2017
(Street)

FORT WORTH, TX 76102
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common stock, par value $0.01 per share   10/6/2017     J (1)    146352890   A $0   (1) 233958189   I   See footnote   (3)
Common stock, par value $0.01 per share   10/6/2017     J (2)    87605299   D $0   (1) 146352890   I   See footnote   (3)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
(1)  See Exhibit 99.1
(2)  See Exhibit 99.1
(3)  See Exhibit 99.1

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Hamlet Holdings LLC
C/O TPG GLOBAL, LLC,
301 COMMERCE STREET, SUITE 3300
FORT WORTH, TX 76102

X


Signatures
/s/ Laurie D. Medley on behalf of Hamlet Holdings LLC ("HH"), pursuant to the Power of Attorney granted to her in the Remarks to the Form 3 filed with respect to Harrah's Entertainment, Inc. by HH on February 7, 2008 and incorporated herein by reference. 10/11/2017
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 

Exhibit 99.1

 

(1) Pursuant to the Amended and Restated Agreement and Plan of Merger, dated as of July 9, 2016, by and between Caesars Acquisition Company (“ CAC ”) and Caesars Entertainment Corporation (the “ Issuer ”), as amended by the First Amendment to Amended and Restated Agreement and Plan of Merger, dated as of February 20, 2017, by and between CAC and the Issuer (collectively, the “ A&R Merger Agreement ”), on October 6, 2017, CAC merged with and into the Issuer, with the Issuer surviving as the surviving entity (the “ Merger ”). Upon the closing of the Merger, Apollo Hamlet Holdings, LLC (“ Apollo Hamlet Holdings ”), Apollo Hamlet Holdings B, LLC (“ Apollo Hamlet Holdings B ” and, together with Apollo Hamlet Holdings, the “ Apollo Entities ”), TPG Hamlet Holdings, LLC (“ TPG Hamlet Holdings ”), TPG Hamlet Holdings B, LLC (“ TPG Hamlet Holdings B ” and, together with TPG Hamlet Holdings, the “ TPG Entities ”), and Co-Invest Hamlet Holdings B, LLC (“ Co-Invest B ”), and Co-Invest Hamlet Holdings, Series LLC (“ Co-Invest Series ” and, together with Co-Invest B, the “ Co-Invest Entities , and together with the Apollo Entities and TPG Entities, the “ Sponsors ”), received an aggregate of 146,352,890 shares of common stock, par value $0.01 per share, of the Issuer, in exchange for an aggregate of 90,063,36 shares of CAC’s Class A common stock, par value $0.001 per share that were held by the Sponsors prior to the Merger.
(2) Immediately following the closing of the Merger on October 6, 2017, pursuant to a Contribution Agreement dated as of October 6, 2017 (the “ Contribution Agreement ”), by and between Hamlet Holdings LLC (“ Holdings ”) and the Issuer, Holdings contributed a total of 87,605,299 shares of common stock, par value $0.01 per share, of the Issuer, which represented all of the shares of common stock of the Issuer that were held by the Sponsors immediately prior to the closing of the Merger, to the Issuer for cancellation (the “ Contribution ”).
(3) Effective upon the closing of the Merger, pursuant to the Amended and Restated Irrevocable Proxy dated as of October 6, 2017 (the “ 2017 Proxy ”), each of the Sponsors granted Holdings an irrevocable proxy in respect of all of the shares of the common stock, par value $0.01 per share, of the Issuer that would be held by the Sponsor Entity following the closing of the Merger and the Contribution (the “ Subject Shares ”). Under the 2017 Proxy, the Sponsors granted Holdings an irrevocable proxy that vests sole voting and sole dispositive power with respect to the Subject Shares in Holdings, subject to the right of each Sponsor Entity to terminate the 2017 Proxy with respect to the Subject Shares held by that Sponsor by written notice to the other Sponsors, and the termination of the 2017 Proxy with respect to any such shares that are sold, transferred or other disposed of by Holdings or by a Sponsor in a transaction with a third party that is not affiliated with any of the Sponsors. Holdings has no pecuniary interest in the Subject Shares.

The members of Holdings are Leon Black, Joshua Harris and Marc Rowan, each of whom is affiliated with the Apollo Entities and holds approximately 17% of the limited liability company interests of Holdings, and David Bonderman and James Coulter, each of whom is affiliated with the TPG Entities and holds approximately 25% of the limited liability company interests of Holdings.

Messrs. Bonderman and Coulter are sole shareholders of TPG Group Holdings (SBS) Advisors, Inc. (“ TPG Advisors ”), which is sole member of TPG Group Holdings (SBS) Advisors LLC, which is the general partner of TPG Group Holdings (SBS), L.P., which is the sole member of TPG Holdings I-A, LLC, which is the general partner of TPG Holdings I, L.P., which is the sole member of TPG GenPar V Advisors, LLC, which is the general partner of TPG GenPar V, L.P., which is (i) the general partner of TPG V Hamlet AIV, L.P., which is the managing member of TPG Hamlet Holdings, (ii) the managing member of TPG Hamlet Holdings B, and (iii) one of the managing members of each of Co-Invest B and Co-Invest Series.

Apollo Investment Fund VI, L.P. (“ AIF VI ”) is the sole member of Apollo Hamlet Holdings B. Apollo Management VI, L.P. (“ Management VI ”) is the investment manager of AIF VI and one of the managing members of each of Co-Invest B and Co-Invest Series. AIF VI Management, LLC (“ AIF VI Management ”) is the general partner of Management VI. Apollo Management, L.P. (“ Apollo Management ”) is the sole member and manager of AIF VI Management, and Apollo Management GP, LLC (“ Management GP ”) is the general partner of Apollo Management. Apollo Management Holdings, L.P. (“ Management Holdings ”) is the sole member and manager of Management GP, and Apollo Management Holdings GP, LLC (“ Management Holdings GP ”) is the general partner of Management Holdings. Messrs. Black, Harris and Rowan serve as the managers of Apollo Hamlet Holdings and Apollo Hamlet Holdings B, and as executive officers and the managers of Management Holdings GP.

Each of Holdings, each of the Sponsors, AIF VI, Management VI, AIF VI Management, Apollo Management, Management GP, Management Holdings, Management Holdings GP, TPG Advisors, and Messrs. Black, Harris, Rowan, Bonderman and Coulter disclaims beneficial ownership of any shares of the Issuer’s Class A common stock, par value $0.01 per share, included in this report, in each case except to the extent of any pecuniary interest therein, and this report shall not be deemed an admission that any such entity or person is the beneficial owner of or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

The address of the Apollo Entities, AIF VI, Management VI, AIF VI Management, Apollo Management, Management GP, Management Holdings, Management Holdings GP, and Messrs. Black, Harris and Rowan, is 9 West 57th Street, 43rd Floor, New York, New York 10019. The address of the Co-Invest Entities is c/o Apollo Management VI, L.P., 9 West 57th Street, 43rd Floor, New York, New York 10019 and c/o TPG Global, LLC, 301 Commerce Street, Suite 3300, Fort Worth, Texas 76102. The address of the TPG Entities is c/o TPG Global, LLC, 301 Commerce Street, Suite 3300, Fort Worth, Texas 76102.