Pinnacle to repay some revolver borrowings via senior note offering

By Tali Rackner

Norfolk, Va., Oct. 6 – Pinnacle Entertainment, Inc. plays to repay a portion of the outstanding borrowings under its revolving credit facility with the net proceeds from a $100 million add-on to its 5 5/8% senior notes due 2024, according to a filing with the Securities and Exchange Commission.

Pinnacle is a Las Vegas-based owner and operator of gaming entertainment properties.

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