Penn Entertainment refinances, extends $1.4 billion credit facilities to 2031
Share
Listen to the news
Penn Entertainment refinances, extends $1.4 billion credit facilities to 2031
  • Penn Entertainment entered an amendment on April 16, 2026 to its May 3, 2022 credit agreement with Bank of America as administrative agent.
  • Amendment refinanced and extended USD 1 billion revolving credit facility plus USD 446.9 million term loan A.
  • Revolving facility and term loan A now mature in April 2031, subject to a springing maturity 91 days before certain existing debt maturities if that debt is not refinanced.
  • Pricing margins stayed unchanged, except removal of 0.10% credit spread adjustment on SOFR borrowings for revolving facility plus term loan A.
  • Proceeds refinanced existing revolver plus term loan A, with capacity available for working capital and general corporate purposes.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Penn Entertainment Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-044358), on April 16, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending