Harrah's Entertainment has issued $1 billion of first-lien senior secured notes due 2017. The financing package was syndicated by Bank of America. The company concurrently announced a tender offer for $160 million worth of senior and senior subordinated notes due 2010 and 2011. Last week, Harrah's announced an agreement to acquire the Thistledown Race Track for $89 million. The casino and entertainment facility company is owned by Apollo Investment Management, TPG Capital, and Oaktree Capital Management.