Pinnacle Entertainment, which is currently building the L’Auberge Casino & Hotel Baton Rouge, has amended its credit agreement. The Las Vegas-based casino operator now has $410 million, up from the $375 million previously announced. The maturity date has also been pushed back from March 2014 to August 2016, and the interest rate was knocked down. Pinnacle says it has drawn $10 million from the facility, but plans to use it to pay for L’Auberge’s construction costs as well as on casinos in Cincinnati and Vietnam. L’Auberge Baton Rouge is set to open in summer 2012.
Pinnacle increases borrowing capacity
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