PENN refinances $962.5M term loan, cuts interest rate 50 bps and extends to 2033

Filed May 28, 2026 · Period ending May 28, 2026 · ~1 min read

Key Changes

• medium

  Repriced $962.5M term loan B, reducing SOFR margin from 2.50% to 2.00% and base rate margin from 1.50% to 1.00%, lowering annual interest expense and improving cash flow.

  Item 1.01 verify on EDGAR →
• medium

  Extended term loan maturity to May 2033, pushing out refinancing risk and providing longer-term financial flexibility.

  Item 1.01 verify on EDGAR →