The increase in credit consists of $175 million in additionalcapacity under its revolving credit facility and an additional $75million of funded term loans, both on virtually identical terms asthose of the existing $750-million credit agreement.

Pinnacle announced in mid-Septemberthat it would seek the additional credit. The announcement cameshortly after it agreed to buy the Sands casino and former Traymorehotel sites in Atlantic City from a company affiliated withbillionaire financier Carl Icahn's American Real Estate Holdings LPfor about $250 million, plus an additional $20 million for certaintax-related benefits and additional real estate.

The sale is expected to close before the end of the year. Thecompany plans to scrape the sites in favor of a new casino-resortdevelopment. Design and construction of such casino resort isexpected to require four to five years. In the meantime, Pinnaclehas several other balls in the air.