debt
confidence high
sentiment neutral
materiality 0.75
Full House Resorts to issue $100M additional 8.250% senior secured notes due 2028 to fund temporary Waukegan casino
FULL HOUSE RESORTS INC
- Consent from majority holders obtained to amend indenture for up to $100M additional notes and increase credit facility from $15M to $40M.
- $100M additional notes priced at 102% of principal, expected to close Feb 7, 2022.
- Net proceeds used for The Temporary by American Place in Waukegan, IL, transaction fees, and general corporate purposes.
- Consent fee $10 per $1,000 principal for consenting holders.
- Original notes outstanding $310M at 8.250% due 2028.