PENN Entertainment, Inc. raises credit facility refinancing

PENN Entertainment amended its credit agreement on 16 April 2026 to refinance and extend its US$1.0bn revolving credit facility and its US$446.9m term loan A facility, with Bank of America, N.A. as administrative agent. The refinanced facilities mature in April 2031, subject to an earlier springing maturity tied to certain existing debt. Interest rate margins were unchanged, apart from the removal of a 0.10% credit spread adjustment on SOFR borrowings. The existing term loan B facility was not refinanced in this transaction.