From Nasdaq.: 2025-06-20 09:29:00

PENN Entertainment, Inc. announced final settlement terms for repurchasing 2.75% Convertible Senior Notes due 2026, totaling approximately $233.5 million. After the repurchase, the company will have $106.7 million in Convertible Senior Notes outstanding, eliminating around 9.6 million shares from the diluted share count. They also plan to repurchase at least $350 million of shares in 2025, in addition to the Note Repurchase Transactions. The company is focused on reducing debt and improving shareholder value.



Read more at Nasdaq.: PENN Entertainment Finalizes Repurchase Of 2.75% Convertible Notes Due 2026 In Cash