Penn National Gaming in its $2,550 million senior secured credit facilities

On May 3, 2022, Penn National Gaming, Inc. announced it entered into a Second Amended and Restated Credit Agreement, which refinances Penn’s existing credit agreement in full and provides for a $1 billion five-year revolving credit facility, a $550 million five-year term loan A facility and a $1 billion seven-year term loan B facility.  Wachtell, Lipton, Rosen & Katz served as legal advisor to Penn.