Pinnacle Entertainment Announces Extension of Exchange Offer
LAS VEGAS, Aug. 09, 2017 (GLOBE NEWSWIRE) -- Pinnacle Entertainment, Inc. (NASDAQ:PNK) today announced that it has extended the expiration date of its offer to exchange up to $500,000,000 in aggregate principal amount of its currently outstanding 5.625% Senior Notes due 2024 that were issued and sold in transactions exempt from registration under the Securities Act of 1933, as amended (the "Original Notes") for up to $500,000,000 in aggregate principal amount of its new 5.625% Senior Notes due 2024 that have been registered with the Securities and Exchange Commission. The offer, which was scheduled to expire at 5:00 p.m., New York City time, on Wednesday, August 9, 2017, has been extended until 5:00 p.m., New York City time, on Friday, August 11, 2017, unless extended.
The extension has been made to allow holders of outstanding Original Notes who have not yet tendered their Original Notes to do so. As of the close of business on August 9, 2017, approximately $499,900,000 in aggregate principal amount of Original Notes had been validly tendered for exchange and not withdrawn. The Deutsche Bank Trust Company Americas, has been appointed as the exchange agent for the exchange offer.
A registration statement relating to the exchange offer was filed with and declared effective by the Securities and Exchange Commission. This press release is not an offer to sell or a solicitation of an offer to buy any security. The offer to exchange is being made solely by means of a prospectus. A copy of the final prospectus related to the exchange offer and the related letter of transmittal may be obtained from Deutsche Bank Trust Company Americas, c/o DB Services Americas, Inc., MS: JCK01-0218, Attention: Reorg. Department, 5022 Gate Parkway, Suite 200, Jacksonville, FL 32256.
About Pinnacle Entertainment
Pinnacle Entertainment, Inc. owns and operates 16 gaming entertainment properties, located in Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, Ohio and Pennsylvania. Pinnacle holds a majority interest in the racing license owner, as well as a management contract, for Retama Park Racetrack outside of San Antonio, Texas.
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