secwatch.observer — SEC 8-K summary
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Issuer:     PENN Entertainment, Inc. (PENN)
CIK:        0000921738
Form:       8-K
Filed at:   2025-06-13T23:59:59+00:00
Accession:  0001104659-25-059444
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

PENN repurchases ~$223.8M of 2.75% convertible notes due 2026 for ~$230.9M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/921738/000110465925059444/0001104659-25-059444-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/921738/000110465925059444/tm2517946d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-059444

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