PENN Entertainment in its $224 million repurchase of convertible notes

On June 13, 2025, PENN Entertainment, Inc. announced that it has entered into separate and privately negotiated agreements pursuant to which PENN agreed to repurchase approximately $223.8 million in aggregate principal amount of its 2.75% Convertible Senior Notes due 2026.  The transactions are expected to close on June 20, 2025.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to PENN.