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Pinnacle Entertainment to offer additional $100M notes due 2024

Pinnacle Entertainment Inc. plans to offer an additional $100.0 million in aggregate principal amount of its 5.625% senior notes due 2024.

The notes will form a single series with the $375 million in aggregate principal amount of 5.625% senior notes due 2024 that the company priced in April. The additional notes are expected to be fungible with the existing 2024 notes.

The company said in a release it intends to use the net proceeds from the proposed offering to partly repay outstanding borrowings under its revolving credit facility.