---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-044358"
form_type: "8-K"
ticker: "PENN"
cik: "0000921738"
company_name: "PENN Entertainment, Inc."
filed_at: "2026-04-16T23:59:59+00:00"
generated_at: "2026-05-15T05:59:30.617466+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# PENN refinances $1.0B revolver and $447M term loan A; maturity extended to April 2031

## Summary
- Refinanced $1.0B revolving credit facility and $446.9M term loan A facility (2026 Facilities) to mature in April 2031.
- Interest rate margins unchanged; removed the 0.10% credit spread adjustment on SOFR borrowings under both facilities.
- Existing $1.0B+ term loan B facility remains outstanding with unchanged maturity; not refinanced.
- Proceeds used to repay previous revolving and term A facilities; available for working capital and general corporate purposes.

## SEC filing metadata
- accession: 0001104659-26-044358
- form_type: 8-K
- ticker: PENN
- cik: 0000921738
- company_name: PENN Entertainment, Inc.
- filed_at: 2026-04-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/921738/000110465926044358/0001104659-26-044358-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/921738/000110465926044358/tm2611966d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-044358
- JSON: https://secwatch.observer/filing/0001104659-26-044358.json
- Plain text: https://secwatch.observer/filing/0001104659-26-044358.txt

## Source-grounded claims
- claim_id: 3f12eb9af031ee7d0ee254092762aea2120488a0
  claim: PENN Entertainment, Inc. incurred term loan of $446.9 million with Bank of America, N.A. maturing April 2031.
  evidence_excerpt: agent. The Amendment amended the Existing Credit Agreement to, among other things, refinance and extend the term of the Company’s $1.0 billion revolving credit facility and $446.9 million term loan A facility (together, as so amended, the “2026 Facilities”). The 2026 Facilities will mature in April 2031, subject to an earlier springing maturity 91 days inside
  evidence_url: https://www.sec.gov/Archives/edgar/data/921738/000110465926044358/0001104659-26-044358-index.htm
- claim_id: 52b7a608ed198b03e9025d2560bd47e698212890
  claim: PENN Entertainment, Inc. incurred revolving credit of $1.0 billion with Bank of America, N.A. maturing April 2031.
  evidence_excerpt: The Amendment amended the Existing Credit Agreement to, among other things, refinance and extend the term of the Company’s $1.0 billion revolving credit facility
  evidence_url: https://www.sec.gov/Archives/edgar/data/921738/000110465926044358/0001104659-26-044358-index.htm
- claim_id: 514d62fa2d0c39447d2d6f78c82d02d24312f062
  claim: PENN Entertainment, Inc. amended Amendment with Bank of America, N.A valued at $1.0 billion revolving credit facility and $446.9 million term loan A facility (effective 2026-04-16).
  evidence_excerpt: On April 16, 2026, PENN Entertainment, Inc. (the “Company”) entered into an amendment (the “Amendment”) to its Second Amended and Restated Credit Agreement, dated as of May 3, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/921738/000110465926044358/0001104659-26-044358-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.