International edition
September 26, 2020

The early tender expired at midnight on Friday

Pinnacle buys notes submitted by early tender

(US).- Pinnacle Entertainment Inc. said this week that it bought about us$ 125.5 million of its senior subordinated notes due 2013 submitted before an early tender expired.

T

he early tender expired at midnight on Friday, while the tender offer is set to end on August 24th, unless extended or ended.

Approximately us$ 9.5 million notes remains outstanding as of Monday.

The casino operator said it used part of the proceeds from its senior notes offering to finance the purchase of the subordinated notes. Earlier Monday Pinnacle said it closed on a private offering of us$ 450 million senior notes due 2017.

Shares of Pinnacle Entertainment gained 20 cents to us$ 11.19 in afternoon trading.

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