Benzinga | Jun 24, 2021 07:39AM EDT

Penn National Gaming Announces Proposed Private Offering Of $400M Senior Notes

Penn National Gaming, Inc. (NASDAQ:PENN) ("Penn National," "we," or the "Company") today announced that it plans to offer, subject to market and other conditions, $400 million aggregate principal amount of eight-year senior unsecured notes in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). Penn National intends to use proceeds of the proposed offering for general corporate purposes.