The Wall Street Skinny

Restructuring 101: How Private Equity Pits Debt Investors Against Each Other | Caesars Part 2/3

April 20, 2026·45 min
Episode Description from the Publisher

Send us Fan Mail This is Part II of our Caesars Palace deep dive, and honestly, this is where things get truly unhinged. If Part I was the setup — the $30 billion LBO, the financial crisis, and the private equity firms scrambling to keep the lights on — this episode is the masterclass in what happens when the knives come out. We're breaking down the mechanics of distressed debt investing, restructuring, and bankruptcy. Above all, we'll explain how Apollo essentially invented a new playbook fo...

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