PENN refinances $1.45B credit facilities, extends maturity to 2031 with lower SOFR rate

Filed April 16, 2026 · Period ending April 16, 2026 · ~1 min read

Key Changes

• high

  Refinanced $1.0B revolving credit facility and $446.9M term loan A, extending maturity to April 2031 with springing provision 91 days before certain existing debt if unrefinanced and liquidity conditions unmet.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Removed 0.10% SOFR credit spread adjustment on refinanced facilities, reducing borrowing costs by 10 basis points while keeping other interest rate margins unchanged.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Term loan B facility remains outstanding and was not refinanced; its maturity date is unchanged.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →