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PNK > SEC Filings for PNK > Form 8-K on 18-Jul-2013All Recent SEC Filings

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Form 8-K for PINNACLE ENTERTAINMENT INC.


18-Jul-2013

Entry into a Material Definitive Agreement, Financial Statements and


Item 1.01 Entry into a Material Definitive Agreement.

On January 16, 2013, PNK (Ohio), LLC, an Ohio limited liability company ("PNK (Ohio)") and a wholly-owned subsidiary of Pinnacle Entertainment, Inc. (the "Company"), and Yates/Paric, a joint venture (the "Contractor") entered into an Agreement for Guaranteed Maximum Price Construction Services (the "Agreement"). The Agreement provides the general terms for construction of the Company's River Downs project near Cincinnati, Ohio, with a number of terms to be determined at a later date, including the guaranteed date of completion of the River Downs project and the guaranteed maximum price for the construction of the River Downs project. The Agreement provides that once a guaranteed maximum price is established, the amounts incurred under the Agreement shall be applied to such maximum price, subject to certain exceptions. Pursuant to the Agreement, PNK (Ohio) agreed to pay the Contractor an initial amount of approximately $20.1 million to complete a portion of the River Downs project, which involved relocating the existing horse racetrack with associated backside support building.

On July 12, 2013, PNK (Ohio) entered into an amendment to the Agreement with the Contractor (the "First Amendment"). The First Amendment provides that the guaranteed date of completion for the River Downs project is May 1, 2014 and the total guaranteed maximum price for the construction of the River Downs project is approximately $119.6 million, which includes the $20.1 million described above.

The foregoing descriptions of the Agreement and the First Amendment do not purport to be complete and are qualified in their entirety by reference to Agreement and First Amendment, which are attached as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.



Item 9.01 Financial Statement and Exhibits.

(d) Exhibits.

  Exhibit
    No.                                     Description

Exhibit 10.1    Agreement for Guaranteed Maximum Price Construction Services,
                effective as of January 16, 2013, PNK (Ohio), LLC and Yates/Paric,
                a Joint Venture.

Exhibit 10.2    GMP Amendment, effective as of July 12, 2013, PNK (Ohio), LLC and
                Yates/Paric, a Joint Venture.

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