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Penn National Gaming, Inc. Calls for Redemption of Its 6 7/8% Senior Subordinated Notes Due 2011.

Publication: Business Wire
Publication Date: 26-OCT-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
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.

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