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Pinnacle Entertainment prices upsized senior notes offering

Pinnacle Entertainment Inc. priced a private offering of $125.0 million in principal amount of additional 5.625% senior notes due May 1, 2024.

The offering, upsized from $100.0 million in aggregate principal amount, was priced at 100.5% of the notes' face value. The notes will carry a 5.625% annual interest rate and will form a single series with the $375 million in aggregate principal amount of 5.625% senior notes due 2024 that were issued in April.

Pinnacle Entertainment will use the net proceeds to partly repay outstanding borrowings under its revolving credit facility.