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Article: Penn National Gaming, Inc. Calls for Redemption of Its 6 7/8% Senior Subordinated Notes Due 2011.
- Article from:
- Business Wire
- Article date:
- October 26, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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 ...
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