debt
confidence high
sentiment neutral
materiality 0.60
Full House Resorts launches consent solicitation to amend indenture for up to $100M additional notes
FULL HOUSE RESORTS INC
- Company seeks consent to amend indenture to allow up to $100M of additional notes for developing The Temporary casino in Waukegan, IL.
- Also proposes to increase credit facility borrowing capacity from $15M to $40M.
- Consent fee of $10 per $1,000 principal payable if majority of noteholders consent by Feb 1, 2022.
- $310M aggregate outstanding principal amount of 8.250% Senior Secured Notes due 2028.
- Expires Feb 1, 2022; D.F. King is information agent, Credit Suisse is solicitation agent.