Full house resorts announces successful conclusion of consent solicitation with respect to its 8.250% senior secured notes due 2028

Las vegas, feb. 01, 2022 (globe newswire) -- full house resorts, inc. (“full house” or the “company”) (nasdaq: fll) announced today that it has successfully concluded its previously announced solicitation (the “solicitation”) of consents (the “consents”) to amend the indenture (such amendments, the “amendments”) dated as of february 12, 2021 (as amended or supplemented through the date hereof, the “indenture”) governing full house's 8.250% senior secured notes due 2028 (the “notes”) (cusip nos. 359678 ac3 and u3232f ab3) to allow for the incurrence of up to $100.0 million of additional notes (the “additional notes”): (i) to develop, equip and open the temporary by american place, our planned temporary casino in waukegan, illinois (“the temporary”) which we intend to operate while we design and construct our permanent american place facility, (ii) to pay the transaction fees and expenses of the offer and sale of the additional notes and (iii) for general corporate purposes. the consents will also permit the company to increase the available borrowings under its credit agreement from $15.0 million to $40.0 million. the aggregate outstanding principal amount of the notes, prior to the issuance of the additional notes, is $310.0 million.
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