January 12, 2017 / 1:29 PM / 6 months ago

BRIEF-Penn National Gaming announces proposed private offering of $400 mln senior notes

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Jan 12 (Reuters) - Penn National Gaming Inc -

* Penn National Gaming announces proposed private offering of $400 million of senior notes

* Intends to use proceeds of proposed offering to fund purchase pursuant to Penn's previously announced tender offer

* Intends to also use proceeds of proposed offering to fund redemption of any and all of its 5.875% senior notes due 2021 Source text for Eikon: Further company coverage:

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