Pinnacle Entertainment amends credit facility

Associated Press - February 8, 2010 9:44 AM ET

LAS VEGAS (AP) - Casino operator Pinnacle Entertainment said Monday that it amended and restated a credit agreement, giving it $375 million of revolving credit.

The facility, which matures on March 31, 2014, also refinances amounts that were outstanding under a previous credit agreement.

The company said $110 million had been drawn under the new facility as of Friday.

Last week Pinnacle Entertainment Inc. said cost-cutting helped narrow its fourth-quarter loss.

The company owns and runs casinos in Nevada, Louisiana, Indiana, Missouri and Argentina.

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