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Additionally, the refinancing of our credit facilities and the completion of our other previously announced refinancing transactions position Penn with one of the most attractive weighted average cost of capital in the gaming industry, which allows us to pursue a diverse range of opportunities to enhance shareholder value. The proceeds of the initial funding under the New Credit Facilities, together with any remaining proceeds from the other refinancing transactions, were used to refinance Penns existing credit facilities and fund related transaction fees and expenses, with remaining proceeds to be available for general corporate purposes. About Penn National Gaming Penn is a leading, diversified, multi-jurisdictional owner and manager of gaming and racing facilities and video gaming terminal (VGT) operations. Penn has also recently expanded into social online gaming offerings via its Penn Interactive Ventures, LLC division and Penns recent acquisition of Rocket Speed, Inc. (formerly known as Rocket Games, Inc.). Penn currently owns, manages, or has ownership interests in twenty-seven facilities in the following seventeen jurisdictions: California, Florida, Illinois, Indiana, Kansas, Maine, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario, Canada. Forward-Looking Statements This press release includes forward looking statements, including those statements set forth in the quotations above. These statements can be identified by the use of forward looking terminology such as expects, believes, estimates, projects, intends, plans, seeks, may, will, should or anticipates or the negative or other variation of these or similar words, or by discussions of future events, strategies or risks and uncertainties.

http://www.marketwatch.com/story/penn-national-gaming-enters-into-new-credit-facilities-and-completes-refinancing-transactions-2017-01-19

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