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.
“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.”
Earnings Releases
PENN Entertainment, Inc. reported quarter ended March 31, 2026 results: revenue $1,779.1, net income $(2.8), EPS $(0.02).
“Summary of First Quarter Results For the quarter ended March 31, (in millions, except per share data, unaudited) 2026 2025 Revenues $ 1,779.1 $ 1,672.5 Net income (loss) $ (2.8) $ 111.5”
Earnings Releases
PENN Entertainment, Inc. reported three months ended March 31, 2026 results: revenue $1,779.1, net income $(2.8), EPS $(0.02).
“not refinanced as part of this transaction. Summary of First Quarter Results For the quarter ended March 31, (in millions, except per share data, unaudited) 2026 2025 Revenues $ 1,779.1 $ 1,672.5 Net income (loss) $ (2.8) $ 111.5 Consolidated Adjusted EBITDA (1) $ 265.8 $ 173.3 Rent expense associated with triple net operating leases (2) 163.3 155.9 Cash payments”
Debt Financings
PENN Entertainment, Inc. incurred term loan of $446.9 million with Bank of America, N.A. maturing April 2031.
“agent. The Amendment amended the Existing Credit Agreement to, among other things, refinance and extend the term of the Company’s $1.0 billion revolving credit facility and $446.9 million term loan A facility (together, as so amended, the “2026 Facilities”). The 2026 Facilities will mature in April 2031, subject to an earlier springing maturity 91 days inside”
Debt Financings
PENN Entertainment, Inc. incurred revolving credit of $1.0 billion with Bank of America, N.A. maturing April 2031.
“The Amendment amended the Existing Credit Agreement to, among other things, refinance and extend the term of the Company’s $1.0 billion revolving credit facility”
Material Agreements
PENN Entertainment, Inc. amended Amendment with Bank of America, N.A valued at $1.0 billion revolving credit facility and $446.9 million term loan A facility (effective 2026-04-16).
“On April 16, 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”
Debt Financings
PENN Entertainment, Inc. incurred senior notes of $600 million with Computershare Trust Company, National Association at 6.750% maturing April 1, 2031.
“On March 16, 2026, PENN Entertainment, Inc. (the "Company") closed a private offering (the "Offering") of $600 million aggregate principal amount of 6.750% senior notes due 2031 (the "Notes").”
Material Agreements
PENN Entertainment, Inc. entered into Indenture with Computershare Trust Company, National Association valued at $600 million 6.750% senior notes due 2031 (effective 2026-03-16).
“On March 16, 2026, PENN Entertainment, Inc. (the “Company”) closed a private offering (the “Offering”) of $600 million aggregate principal amount of 6.750% senior notes due 2031 (the “Notes”). The Notes were issued at par.”
Material Agreements
PENN Entertainment, Inc. entered into Cooperation Agreement with HG Vora Capital Management, LLC and certain related parties (collectively, "HG Vora") (effective 2026-02-22).
“On February 22, 2026, PENN Entertainment, Inc. (the “Company”) entered into a cooperation agreement (the “Cooperation Agreement”) with HG Vora Capital Management, LLC and certain related parties (collectively, “HG Vora”).”
Governance Changes
PENN Entertainment, Inc.: Amended bylaws to incorporate a condition from the Colorado Limited Gaming Control Commission that restricts investors from acquiring control or influence without Commission suitability determination, affecting director nominations and shareholder proposals (effective 2025-12-09).
“the Board of Directors (the “Board”) of the Company on December 9, 2025 approved and adopted, effective as of that date, certain amendments to the Company’s Fifth Amended and Restated Bylaws, as incorporated in the Company’s Sixth Amended and Restated Bylaws (the “Sixth A&R Bylaws”), which reflect this condition with respect to the nomination of directors and shareholder proposals.”
Saul Reibstein departed as Director at PENN Entertainment, Inc..
“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”
Barbara Shattuck Kohn departed as Lead Independent Director at PENN Entertainment, Inc..
“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”
Ronald J. Naples resigned as Director at PENN Entertainment, Inc..
“On April 25, 2025, Ronald J. Naples resigned from the Board of Directors (the “Board”) of PENN Entertainment, Inc. (the “Company”) effective immediately.”
Earnings Releases
PENN Entertainment, Inc. reported three months ended March 31, 2024 results: revenue $1,606.9 million, net income $(114.9) million, EPS $(0.76) per diluted share.
“PENN Entertainment, Inc. (the “Company”) issued a press release announcing the results of operations and financial condition for the three months ended March 31, 2024.”
John Jacquemin was appointed as Director Emeritus at PENN Entertainment, Inc..
“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.”
John Jacquemin departed as Director (Class I) at PENN Entertainment, Inc..
“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”).”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.