Full house resorts announces proposed offering of additional senior secured notes
Las vegas, feb. 01, 2022 (globe newswire) -- full house resorts, inc. (“full house” or the “company”) (nasdaq: fll) announced today that it intends, subject to market and other conditions, to offer an additional $100.0 million in aggregate principal amount of its senior secured notes due 2028 (the “additional notes”) in a private debt offering that is exempt from the registration requirements of the securities act of 1933, as amended (the “securities act”). the additional notes will be issued pursuant to the indenture pursuant to which full house issued $310.0 million of identical senior secured notes in february 2021 (the “original notes,” and, together with the additional notes, the “notes”). the additional notes will be, and the original notes are, senior secured obligations of the company and will be guaranteed, jointly and severally, by all of its current subsidiaries and future restricted subsidiaries. holders of a majority of the original notes have consented to the issuance of the additional notes and an increase in the available borrowings under its credit agreement from $15.0 million to $40.0 million.
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