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 .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Be sure to check out GlobeSt.com's NEW PropertyALERT which provides owners and brokers a dynamic new marketing platform in which to showcase properties and initiate deals. This economical marketing tool will create increased awareness for your property for a minimal investment.
You can now be notified via email if this story is updated by clicking on the "Follow this Story" link. You must be a registered member to take advantage of this "members only" benefit.