Home | Business News | Browse by Publication | B | Business Wire

Penn National Gaming, Inc. Extends Consent Deadline and Waives Consent Condition in Tender Offer and Consent Solicitation for Its 6% Senior Subordinated Notes Due 2011.

Publication: Business Wire
Publication Date: 20-AUG-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
WYOMISSING, Pa. -- Penn National Gaming, Inc. (Nasdaq: PENN) ("Penn") today announced that, in connection with its previously announced tender offer and consent solicitation for any and all of the $200 million aggregate outstanding principal amount of its 6% senior subordinated notes due 2011 (CUSIP No. 707569AH2) (the "Notes"), it has extended the deadline for holders to consent to certain proposed amendments to the indenture governing the Notes and has waived the "Requisite Consent Condition" that at least a majority in principal amount of the outstanding Notes consent to such amendments (provided that if such requisite consents are not received the proposed amendments will not be implemented).

The expiration of the tender offer remains unchanged at 5:00 p.m., New York City time, on September 3, 2009, unless extended or earlier terminated by Penn (the "Expiration Date"). The new consent payment deadline is the same as...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Business Wire
CB Richard Ellis Group, Inc. Names Michael J. Lafitte President of Its..., August 20, 2009
Consulting-Specifying Engineer Reveals the 2009 Mechanical, Electrical..., August 20, 2009
Global Resource Corporation Receives Notice of Allowance in Patent App..., August 20, 2009
Dynegy Inc. Announces Executive Management Team Changes., August 20, 2009
Hyland's Offers Insight to Cautious Parents Looking to Relieve Childre..., August 20, 2009

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.