Penn National Acquires Harrah's St. Louis for $610M
ST. LOUIS-Penn National Gaming has expanded its existing credit facilities amounting $2.15 billion by $1 billion and spent $610 million to acquire Harrah's St. Louis from Las Vegas-based Caesars Entertainment. Joint lead arrangers included Bank of America NA, Commerzbank AG, Fifth Third Bank, Merrill Lynch, Pierce, Fenner & Smith Inc., New York and Grand Cayman Branches, RBS Securities Inc., UBS Securities LLC and Wells Fargo Securities LLC.
After a $61-million makeover, the gaming and lodging facility reopened on November 2 as Hollywood Casino St. Louis. For the full story, go to St. Louis Business Journal .
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