Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
PENN Entertainment, Inc. amended term loan of $962.5 million with Bank of America, N.A, as administrative agent and collateral agent at from 2.50% to 2.00%, in the case of term SOFR loans, and from 1.50% to 1.00%, in maturing May 2033.
- Instrument
- term loan
- Principal
- $962.5 million
- Counterparty
- Bank of America, N.A, as administrative agent and collateral agent
- Rate
- from 2.50% to 2.00%, in the case of term SOFR loans, and from 1.50% to 1.00%, in
- Maturity
- May 2033
- Event
- amendment
Exact text from the filing
On May 28, 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 (as amended prior to the effectiveness of the Amendment, the “Existing Credit Agreement” and as further amended by the Amendment, the “Amended Credit Agreement”), by and among the Company, the guarantors party thereto, the lenders party thereto and Bank of America, N.A, as administrative agent and collateral agent. The Amendment amended the Existing Credit Agreement to, among other things, reprice and extend the term of the Company’s $962.5 million term loan B facility (as so amended, the “Term Loan B Facility”). The Term Loan B Facility will mature in May 2033. The Amendment reduces the interest rate margins applicable to the Term Loan B Facility from 2.50% to 2.00%, in the case of term SOFR loans, and from 1.50% to 1.00%, in the case of base rate loans.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
PENN Entertainment, Inc. amended Amendment with Bank of America, N.A. valued at $962.5 million (effective 2026-05-28).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A.
- Value
- $962.5 million
- Effective
- 2026-05-28
Exact text from the filing
On May 28, 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 (as amended prior to the effectiveness of the Amendment, the “Existing Credit Agreement” and as further amended by the Amendment, the “Amended Credit Agreement”), by and among the Company, the guarantors party thereto, the lenders party thereto and Bank of America, N.A, as administrative agent and collateral agent.
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