Jefferies Shops $5 Billion Debt for Icahn’s Possible Caesars Bid

Jefferies Financial Group Inc. is gauging interest from investors to raise roughly $5 billion in debt to support Carl Icahn in a possible rival bid for Caesars Entertainment Inc., according...

By Dorothy Ma, Aaron Weinman, Chris Palmeri · Bloomberg Markets

Jefferies Financial Group Inc. is gauging interest from investors to raise roughly $5 billion in debt to support Carl Icahn in a possible rival bid for Caesars Entertainment Inc., according to people with knowledge of the matter.