Highest-materiality recent filing
PENN Entertainment reprices $962.5M term loan B, extends maturity to 2033; rate margin cut 50bp
Reduced interest margin on term SOFR loans to 2.00% (from 2.50%) and on base rate loans to 1.00% (from 1.50%).
PENN Q1 revenue up 6.4% to $1.78B, net loss $2.8M; Interactive EBITDA loss narrows
Q1 revenues $1.78B (+6.4% YoY); net loss of $2.8M vs net income $111.5M; diluted EPS ($0.02) vs $0.68.
PENN refinances $1.0B revolver and $447M term loan A; maturity extended to April 2031
Refinanced $1.0B revolving credit facility and $446.9M term loan A facility (2026 Facilities) to mature in April 2031.
Penn Entertainment issues $600M 6.750% senior notes due 2031
$600M principal at 6.750% per annum, due April 1, 2031.
PENN Entertainment Q4 net loss narrows to $73.4M; guides 20% adjusted EBITDAR growth in 2026
Revenue $1.81B in Q4 2025 vs $1.67B a year ago; net loss improved to $(73.4M) from $(133.8M).
PENN appoints Ace, Fox, Schiavolin as directors; settles activist HG Vora
Appoints Heather Ace, Jeffrey Fox, and Fabio Schiavolin as independent directors effective Feb 22, 2026.
PENN realigns corporate structure; EVP Operations Todd George and CIO Rich Primus depart
Todd George, EVP Operations, departed Jan 5, 2026; separation agreement signed Jan 8 provides severance and transition advisor role through Feb 28, 2026.
Colorado gaming regulator imposes investor control condition; PENN amends bylaws
Colorado Limited Gaming Control Commission added condition to Ameristar Casino Black Hawk license on Nov 20, 2025.
Filed Special Litigation Committee Report in U.S. District Court for Eastern District of Pennsylvania on November 26, 2025.
PENN terminates ESPN BET deal, posts Q3 net loss of $865M; new $750M buyback authorized
Q3 net loss $865.1M ($6.03 diluted loss); revenue $1.72B (+5% YoY); Adj EBITDA $194.9M.
Revenue rose 6.1% YoY to $1.765B; net loss improved to $18.3M from $27.1M; diluted EPS loss $0.12.
PENN Entertainment annual meeting: say-on-pay fails, Hartnett and Ruisanchez elected
Say-on-pay proposal failed: 38.4M FOR vs 65.1M AGAINST (63% against).
PENN repurchases ~$223.8M of 2.75% convertible notes due 2026 for ~$230.9M
Repurchased $223.8M aggregate principal of Convertible Senior Notes due 2026 from certain holders.
PENN commits to $350M buyback; Interactive sees Q4 2025 profitability
Interactive Q1 adjusted revenue $162M (+78% YoY); adjusted EBITDA improved $107M YoY.
PENN turns profitable in Q1 with net income $111.5M; Interactive segment still loss-making
Revenue $1.67B (+4% YoY); net income $111.5M vs. loss $114.9M YoY; diluted EPS $0.68 vs. -$0.76.
PENN Entertainment announces board refreshment; three directors depart, two new nominees named
Ron Naples resigned from board effective April 25, 2025; Barbara Shattuck Kohn and Saul Reibstein will not stand for reelection at 2025 annual meeting.
PENN Entertainment Q4 revenue $1.67B, net loss $134M; announces $350M share repurchase in 2025
Q4 total revenues $1,669M (up 20% YoY); net loss $133.8M vs $358.8M loss a year ago, improved.
PENN Entertainment reduces interest margin on $978M term loan by 25 bps
Term SOFR margin cut from 2.75% to 2.50%; base rate margin cut from 1.75% to 1.50%.
PENN amends bylaws for universal proxy rules and corrects 2025 shareholder proposal window
Board adopted Fifth Amended and Restated Bylaws effective Nov 11, 2024 to comply with SEC universal proxy rules.
PENN Q3 net loss narrows to $37.5M but Adj EBITDA drops to $193.5M
Revenue $1.64B (flat YoY); net loss improved to $37.5M from $725.1M; diluted EPS -$0.24.
Retail Operations Adjusted EBITDAR estimated $465M-$475M for Q3 2024, vs Q3 2023 which had $14M Hurricane Laura insurance benefit.
PENN Entertainment Q2 net loss of $27.1M vs income $78.1M YoY; revenue down slightly
Net loss of $27.1M (diluted EPS -$0.18) vs net income of $78.1M ($0.48) in Q2 2023.
PENN shareholders re-elect directors, ratify auditor; say-on-pay passes with ~59% support
Class I directors David Handler, Vimla Black-Gupta, Anuj Dhanda re-elected with 68%, 69%, 81% of votes cast.
PENN Q1 net loss $114.9M vs $514.4M profit year ago; Interactive EBITDA loss $196.0M
Revenue fell 4% to $1,606.9M from $1,673.3M; diluted EPS loss $0.76 vs $3.05 gain.
Director John Jacquemin will not stand for reelection at 2024 annual meeting; will serve until then.
Also on April 25, 2025, Barbara Shattuck Kohn and Saul Reibstein notified the Board of their respective decision not to stand for reelection to the Board at the expiration of their respective current term at the Company’s 2025 annual meeting of shareholders
Also on April 25, 2025, Barbara Shattuck Kohn and Saul Reibstein notified the Board of their respective decision not to stand for reelection to the Board at the expiration of their respective current term at the Company’s 2025 annual meeting of shareholders
On April 25, 2025, Ronald J. Naples resigned from the Board of Directors (the “Board”) of PENN Entertainment, Inc. (the “Company”) effective immediately.
On April 17, 2024, John Jacquemin notified the Board of Directors (the “Board”) of PENN Entertainment, Inc. (the “Company”) of his decision not to stand for reelection to the Board at the expiration of his current term at the Company’s 2024 annual meeting of stockholders (the “2024 Annual Meeting”).
appointed Mr. Jacquemin to serve as a director emeritus, effective from the expiration of his term as a director at the 2024 Annual Meeting until January 3, 2025.
Max materiality 0.90 · Median 0.70 · Most common event earnings