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AI brief of an SEC Form 8-K · Penn Entertainment (PENN)

PENN Entertainment amends credit agreement, repricing $962.5 million term loan B to 2033

Positive Impact 3 of 5 financing Written later

PENN Entertainment entered a fourth amendment to its credit agreement on May 28, 2026, repricing and extending its $962.5 million term loan B facility to May 2033. The amendment lowers the term loan B interest rate margins, which reduces borrowing costs on that facility, while the term loan A and revolving facility maturities are unchanged.

Key points

  • Term loan B facility of $962.5 million now matures in May 2033.
  • Term SOFR loan margin falls from 2.50% to 2.00%.
  • Base rate loan margin falls from 1.50% to 1.00%.
  • Term loan A and revolving facility maturities remain unchanged.

The filing

CompanyPenn Entertainment (PENN)
Form8-K, current report
Filed with the SECMay 28, 2026, 4:05 PM ET
Accession number0001104659-26-067476

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 28, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.