Penn Entertainment Finalizes $233.5 Million Note Repurchase, Reducing Convertible Debt

Reuters

2025/06/20

Penn Entertainment Finalizes $233.5 Million Note Repurchase, Reducing Convertible Debt

Penn Entertainment Inc. has announced the final settlement terms for its previously disclosed note repurchase transactions. The company will repurchase certain outstanding 2.75% Convertible Senior Notes due 2026 for approximately $233.5 million, inclusive of accrued interest. This move will reduce the company's diluted share count by about 9.6 million shares. Following this transaction, Penn Entertainment will have around $106.7 million in outstanding Convertible Senior Notes. The company remains committed to its goal of repurchasing at least $350 million in shares in 2025, in addition to these note repurchase transactions. HudsonWest LLC served as the exclusive financial advisor for this deal.

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 Business Wire (Ref. ID: 20250620645821) on June 20, 2025, and is solely responsible for the information contained therein.

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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 Business Wire (Ref. ID: 20250620645821) on June 20, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4150","symbol_name":"賭場與賭博","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250620:nNDL2Wj6rX:1","article_id":"2544127795","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2544127795","pubTimestamp":1750424469,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Penn Entertainment Inc. has announced the final settlement terms for its previously disclosed note repurchase transactions. 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