Penn Entertainment Inc. has announced a significant financial move by entering into privately negotiated agreements to repurchase approximately $223.8 million of its 2.75% Convertible Senior Notes due 2026. The transactions, expected to close on June 20, 2025, will see the company paying a total of approximately $230.9 million, including accrued interest. This repurchase will leave Penn Entertainment with around $106.7 million in outstanding Convertible Senior Notes. HudsonWest LLC served as the exclusive financial advisor for these transactions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Penn Entertainment Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-059444), on June 13, 2025, and is solely responsible for the information contained therein.