{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-125366","form_type":"8-K","ticker":"PENN","cik":"0000921738","company_name":"PENN Entertainment, Inc.","filed_at":"2024-12-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.398469+00:00","generated_at":"2026-05-29T09:14:38.161452+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"PENN Entertainment reduces interest margin on $978M term loan by 25 bps","bullets":["Term SOFR margin cut from 2.75% to 2.50%; base rate margin cut from 1.75% to 1.50%.","0.10% credit spread adjustment on term B loans eliminated, effective Dec 4, 2024.","Non-consenting lenders replaced; JPMorgan Chase acts as replacement lender.","Maturity of term B facility remains unchanged.","Amendment expected to lower annual interest expense for ~$978M in outstanding term loans."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-125366","json":"https://secwatch.observer/filing/0001104659-24-125366.json","markdown":"https://secwatch.observer/filing/0001104659-24-125366.md","text":"https://secwatch.observer/filing/0001104659-24-125366.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/921738/000110465924125366/0001104659-24-125366-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/921738/000110465924125366/tm2427890d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T09:14:38.161452+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}