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Pinnacle Entertainment Closes $375 Million Credit Revolver

February 9, 2010 (FinancialWire) — – Pinnacle Entertainment (NYSE: PNK) said it has entered into an amended and restated credit agreement. Terms of this amended and restated credit agreement provide the company with a $375 million revolving credit facility with a stated maturity date of March 31, 2014.

Amounts outstanding under the company’s prior credit agreement were refinanced with this new revolving credit facility. As of February 5, 2010, $110 million was drawn under the new revolving credit facility.

Nevada-based Pinnacle Entertainment owns and operates casinos in Nevada, Louisiana, Indiana, Missouri and Argentina. The company has a casino development project under construction in the St. Louis area, and is also developing a second casino in Lake Charles, Louisiana, and a casino in Baton Rouge, Louisiana.

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