secwatch.observer — SEC 8-K summary
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Issuer:     PENN Entertainment, Inc. (PENN)
CIK:        0000921738
Form:       8-K
Filed at:   2026-04-16T23:59:59+00:00
Accession:  0001104659-26-044358
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/921738/000110465926044358/0001104659-26-044358-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/921738/000110465926044358/tm2611966d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-044358

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