Cahill Represents Lead Arrangers in $1 Billion Credit Facility for Penn National Gaming
Date: 11/01/12
Cahill represented Wells Fargo Bank as administrative agent and the lead arrangers in connection with $1,000,000,000 of incremental credit facilities for Penn National Gaming, Inc., consisting of a $400,000,000 increase to the Term A Loan Facility, a $515,000,000 increase to the Term B Loan Facility and a $85,000,000 increase to commitments under the Revolving Credit Facility. Proceeds from the facility will be towards Penn National Gaming’s acquisition of the Harrah’s St. Louis gaming and lodging facility.