debt
confidence high
sentiment positive
materiality 0.70
PENN repurchases ~$223.8M of 2.75% convertible notes due 2026 for ~$230.9M
PENN Entertainment, Inc.
- Repurchased $223.8M aggregate principal of Convertible Senior Notes due 2026 from certain holders.
- Total purchase price of approximately $230.9M includes accrued interest based on $15.61 VWAP.
- Note Repurchase Transactions expected to close June 20, 2025.
- After closing, approximately $106.7M aggregate principal of the notes remains outstanding.
- HudsonWest LLC served as exclusive financial advisor.
item 7.01