Latham Represents PENN Entertainment, Inc. in Credit Facilities Totaling US$1.45 Billion

Latham & Watkins represented PENN Entertainment, Inc. in connection with a US$1 billion revolving credit facility and a US$446.9 million term loan A facility (the 2026 facilities). Proceeds of the 2026 facilities were used to refinance the company’s existing revolving credit facility and term loan A facility and will be available for future working capital and other general corporate purposes.

Partners Emily Johnson and Cindy Caillavet led the Latham team, with associate Melissa Doura and assistance from Luca Brandi. Advice was also provided on corporate matters by counsel Jess Lennon; on tax matters by partner Matthew Dewitz; and on compliance matters by partner Erin Brown Jones and counsel Ruchi Gill.