Penn National funds Margaritaville purchase with revolver drawings

By Sara Rosenberg

New York, Jan. 2 – Penn National Gaming Inc. used incremental borrowings under the its revolving credit facility to fund the acquisition of the operations of Margaritaville Resort Casino in Bossier City, La., for $115 million, according to a news release.

Penn National is a Wyomissing, Pa.-based owner and operator of gaming and racing facilities.

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