Article: Penn National Gaming, Inc. Calls for Redemption of Its 6 7/8% Senior Subordinated Notes Due 2011.

WYOMISSING, Penn. -- Penn National Gaming, Inc. (PENN: Nasdaq) ("Penn") today announced that it has called for redemption of all the $105,536,000 outstanding aggregate principal amount of its 6 7/8% senior subordinated notes due 2011 (CUSIP No. 707569AH2). The redemption price is $1,000 per $1,000 principal amount of notes, plus accrued and unpaid interest to the scheduled redemption date, which is December 1, 2009. Penn intends to fund the redemption of the notes from available cash, borrowings under its revolving credit facility or a combination thereof.

About Penn National Gaming

Penn National Gaming owns and operates gaming and racing facilities ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!