Firm News

Julie Cohen
Director of Marketing and Communications
212.701.3614
jcohen@cahill.com

Cahill Represents Lead Arrangers in $1 Billion Credit Facility for Penn National Gaming

Date: 11/01/12

Cahill represented Wells Fargo Bank as administrative agent and the lead arrangers in connection with $1,000,000,000 of incremental credit facilities for Penn National Gaming, Inc., consisting of a $400,000,000 increase to the Term A Loan Facility, a $515,000,000 increase to the Term B Loan Facility and a $85,000,000 increase to commitments under the Revolving Credit Facility. Proceeds from the facility will be towards Penn National Gaming’s acquisition of the Harrah’s St. Louis gaming and lodging facility.

Julie Cohen
Director of Marketing and Communications
212.701.3614
jcohen@cahill.com