Penn National Gaming Secures New $2.15B Senior Secured Credit Facilities

Penn National Gaming, Inc. PENN announced today that it secured $2.15 billion of senior secured credit facilities which include a $700 million five year revolving credit facility, a $700 million five year Term Loan A, and a $750 million seven year Term Loan B. The new senior secured credit facilities replace the Company's existing $640.6 million revolving credit facility due July 2012 and $1.52 billion secured Term Loan B facility due October 2012.