secwatch.observer — SEC 8-K summary
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Issuer:     PENN Entertainment, Inc. (PENN)
CIK:        0000921738
Form:       8-K
Filed at:   2026-05-28T20:05:37+00:00
Accession:  0001104659-26-067476
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/921738/000110465926067476/0001104659-26-067476-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/921738/000110465926067476/tm2615773d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-067476

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