PENN Entertainment Refinances $1.45B Credit Facilities

PENN Entertainment, Inc. amended its credit agreement to refinance and extend its $1.0 billion revolving credit facility and $446.9 million term loan A facility. The new facilities, totaling approximately $1.45 billion, will now mature in April 2031. This refinancing provides the company with extended liquidity for working capital and general corporate purposes, while maintaining unchanged interest rate margins and removing a 0.10% credit spread adjustment on SOFR borrowings.