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

Reuters

20 Jun

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2544127795"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2544127795\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2544127795?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-06-20 21:01","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2544127795","market":"us","top_or_hot":-1,"title":"Penn Entertainment Finalizes $233.5 Million Note Repurchase, Reducing Convertible Debt","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Penn Entertainment Finalizes $233.5 Million Note Repurchase, Reducing Convertible Debt\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        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.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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.</span></em>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Penn Entertainment Finalizes $233.5 Million Note Repurchase, Reducing Convertible Debt</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPenn Entertainment Finalizes $233.5 Million Note Repurchase, Reducing Convertible Debt\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-06-20 21:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Penn Entertainment Finalizes $233.5 Million Note Repurchase, Reducing Convertible Debt\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        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.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4150","symbol_name":"赌场与赌博","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. 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  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 ad","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4150":"赌场与赌博","BK4585":"ETF&股票定投概念","PENN":"佩恩国民博彩"},"translate_title":"Penn Entertainment完成2.335亿美元票据回购，减少可转换债务","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PENN":0.9},"content_text":"Penn Entertainment Finalizes $233.5 Million Note Repurchase, Reducing Convertible Debt\n    \n\n        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.\n      \n\nDisclaimer: 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.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding,policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}