Penn Entertainment, Inc. (“Penn” or “Company”) (Nasdaq: Penn) announced today the final conditions for the regulation of its previously announced ticket repurchase transactions, in accordance with which the company agreed to buy a cash compensation.
Aggregated cash payment for these ticket repurchase transactions is approximately
Ticket repurchase transactions eliminate approximately 9.6 million shares from the enumeration of the company diluted actions that were associated with convertible head tickets. In addition, the company remains attached to its objective previously declared to buy at least
Hudsonwest LLC acted as an exclusive financial advisor to the company as part of ticket repurchase transactions.
About Penn Entertainment, Inc.
Penn Entertainment, Inc., with its subsidiaries (“Penn”, or “Company”), is the main supplier of entertainment, sporting and casino game content in North America. Penn operates in 28 jurisdictions throughout
Front instructions
This press release contains “prospective declarations” within the meaning of the 1995 law on private security disputes. Or by discussions on future events, strategies or risks and uncertainties. More specifically, prospective declarations include, but without limiting themselves, the declarations concerning the commitment of the company to buy actions.
Such declarations are all subject to risks, uncertainties and changes under the circumstances which could considerably affect the financial and future affairs of the company. Consequently, the company warns that the prospective declarations contained herein are qualified by important factors which could ensure that the real results differ significantly from those reflected by such declarations. These factors include: the effects of economic and market conditions on the markets in which the company operates or otherwise, including the impact of global disturbances in the supply chain, price inflation, changes in interest rates, economic slowdowns, changes in commercial policies and geopolitical and regulatory uncertainty; competition with other entertainment, sporting and playing experiences; the expected calendar, cost and impact of investments in products and technology; the risks linked to operations, permits, licenses, funding, approvals and other possibilities within the framework of the growth of new or existing jurisdictions; Our ability to successfully acquire and integrate new properties and operations and to carry out expected synergies of acquisitions; The availability of future loans under our modified credit facilities or other sources of capital to allow us to serve our debt, make expected capital expenses or reimburse or refinance our debt before maturity; the impact of compensation obligations under the Barstool spa; Our ability to achieve the expected financial yields of the Sportsbook agreement with ESPN, including due to costs, costs, taxes or circumstances under the control of the company or the ESPN; The occurrence of any event, change or other circumstances which could give birth to the law of one or two of the company and the ESPN to terminate the sportsbook agreement between companies; the capacity of the company and the ESPN to accept to extend the initial duration of 10 years of the sportsbook agreement on mutually satisfactory conditions, if necessary, and the costs and obligations of these conditions if they are agreed; the outcome of any legal proceedings which can be established against the company, ESPN or their respective directors, managers or employees; the capacity of the company or the ESPN to keep and hire key personnel; the impact of new or changes in current laws, regulations, rules or other industry standards; the impact of militant shareholders; Disappointed results of disputes involving the company, including disputes within the framework of our annual shareholder assembly in 2025; our ability to keep heating Our gaming licenses and concessions and comply with Applicable Gaming Law, Changes in Current Laws, Regulations, Rules Or Other Industry Standards, and Additional Factors Described in the Company’s Annual Report on Form 10-K for the Year Ended December 31, 2024, Subseque 10-Q and Current Reports on Form 8-K, Each as Filed with the
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Mike Nieves
Please, finance and treasurer
Penn Entertainment, Inc.
610-373-2400
Joseph N. Jaffoni, Richard Land
Jacir
212-835-8500 or Penn@jcir.com
Source: Penn Entertainment, Inc.