…into a real estate investment trust controlled by lenders and a sepa=ate operating company that will form part of a new restructured Caesars co=trolled by creditors. Aside from bank lenders, the only other major o=jector to the reorganization plan is the U.S. Trustee, a bankruptcy watchd=g that opposes legal releases that the plan would grant to Caesars and its=private equity sponsors, Apollo Global Management LLC and TPG Capital Management LP. EFTA_R1_00109318 EFTA01786476 2 EFTA_R1_00109319 EFTA01786477