---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-067476"
form_type: "8-K"
ticker: "PENN"
cik: "0000921738"
company_name: "PENN Entertainment, Inc."
filed_at: "2026-05-28T20:05:37+00:00"
generated_at: "2026-05-28T21:16:31.641092+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# PENN Entertainment reprices $962.5M term loan B, extends maturity to 2033; rate margin cut 50bp

## Summary
- Reduced interest margin on term SOFR loans to 2.00% (from 2.50%) and on base rate loans to 1.00% (from 1.50%).
- Extended term loan B maturity to May 2033; term loan A and revolving facility maturities unchanged.
- Replaced non-consenting lenders via automatic assignment; $962.5M principal amount affected.
- Transaction effective May 28, 2026; fees paid to arrangers per engagement letter dated May 18, 2026.

## SEC filing metadata
- accession: 0001104659-26-067476
- form_type: 8-K
- ticker: PENN
- cik: 0000921738
- company_name: PENN Entertainment, Inc.
- filed_at: 2026-05-28T20:05:37+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/921738/000110465926067476/0001104659-26-067476-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/921738/000110465926067476/tm2615773d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-067476
- JSON: https://secwatch.observer/filing/0001104659-26-067476.json
- Plain text: https://secwatch.observer/filing/0001104659-26-067476.txt

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