2010-02-08
Casino operator Pinnacle Entertainment amends and restates a credit agreement
(United States).- Casino operator Pinnacle Entertainment said Monday that it amended and restated a credit agreement, giving it $375 million of revolving credit.
The facility, which matures on March 31, 2014, also refinances amounts that were outstanding under a previous credit agreement.
The company said $110 million had been drawn under the new facility as of Friday.
Last week Pinnacle Entertainment Inc. said cost-cutting helped narrow its fourth-quarter loss.
The company owns and runs casinos in Nevada, Louisiana, Indiana, Missouri and Argentina.
The company said $110 million had been drawn under the new facility as of Friday.
Last week Pinnacle Entertainment Inc. said cost-cutting helped narrow its fourth-quarter loss.
The company owns and runs casinos in Nevada, Louisiana, Indiana, Missouri and Argentina.
Source: Soloazar / AP
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