--- schema_version: "secwatch.filing_event.v1" accession: "0000891482-23-000008" form_type: "8-K" ticker: "FLL" cik: "0000891482" company_name: "FULL HOUSE RESORTS INC" filed_at: "2023-02-22T23:59:59+00:00" generated_at: "2026-06-19T06:04:15.122170+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.55 calibrated_materiality_score: 0.55 confidence: "high" source: SEC EDGAR --- # Full House Resorts issues $40M additional 8.25% Senior Secured Notes due 2028; opens The Temporary in Waukegan ## Summary - Issued $40M aggregate principal of 8.25% Senior Secured Notes due 2028; net proceeds ~$34M. - Opened The Temporary by American Place in Waukegan, IL on Feb 17, 2023; proceeds to fund license fees and general corporate purposes. - Entered Second Amendment to Credit Agreement increasing permitted additional indebtedness from $25M to $40M. - Borrowed $36M under Credit Agreement in anticipation of gaming license fees; currently outstanding. - Company has ~$214M cash on hand including ~$110M restricted for Chamonix construction in Cripple Creek, CO. ## SEC filing metadata - accession: 0000891482-23-000008 - form_type: 8-K - ticker: FLL - cik: 0000891482 - company_name: FULL HOUSE RESORTS INC - filed_at: 2023-02-22T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.55 - calibrated_materiality_score: 0.55 - confidence: high - sec_items: 1.01, 2.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/891482/000089148223000008/0000891482-23-000008-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/891482/000089148223000008/fll-20230215x8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000891482-23-000008 - JSON: https://secwatch.observer/filing/0000891482-23-000008.json - Plain text: https://secwatch.observer/filing/0000891482-23-000008.txt ## Key facts - Debt Financings FULL HOUSE RESORTS INC incurred senior notes of $40.0 million with Wilmington Trust, National Association, as trustee at 8.25% maturing February 15, 2028. - Instrument: senior notes - Principal: $40.0 million - Counterparty: Wilmington Trust, National Association, as trustee - Rate: 8.25% - Maturity: February 15, 2028 - Event: incurrence source text: On February 15, 2023, Full House Resorts, Inc. (the “Company”) entered into a note purchase agreement in connection with a private offering of $40.0 million aggregate principal amount of its 8.25% Senior Secured Notes due 2028 (the “Additional Notes”), which offering closed on February 21, 2023. evidence_url: https://www.sec.gov/Archives/edgar/data/891482/000089148223000008/0000891482-23-000008-index.htm - Debt Financings FULL HOUSE RESORTS INC amended credit facility with Capital One, National Association. - Instrument: credit facility - Counterparty: Capital One, National Association - Event: amendment source text: Also on February 21, 2023, the Company entered into a Second Amendment to Credit Agreement with Capital One, National Association, which, among other things, increased the amount of additional Indebtedness permitted under the Company’s Credit Agreement, dated as of March 31, 2021 (as amended through the date hereof, the “Credit Agreement”) from $25.0 million to $40.0 million. evidence_url: https://www.sec.gov/Archives/edgar/data/891482/000089148223000008/0000891482-23-000008-index.htm - Debt Financings FULL HOUSE RESORTS INC incurred credit facility of $36.0 million with Capital One, National Association. - Instrument: credit facility - Principal: $36.0 million - Counterparty: Capital One, National Association - Event: incurrence source text: In anticipation of the payment of gaming license fees necessary to open The Temporary – and prior to the completion of the Additional Notes offering – the Company borrowed $36.0 million under the Credit Agreement, which currently remains outstanding. evidence_url: https://www.sec.gov/Archives/edgar/data/891482/000089148223000008/0000891482-23-000008-index.htm - Material Agreements FULL HOUSE RESORTS INC entered into Fourth Supplemental Indenture with Wilmington Trust, National Association valued at $40.0 million aggregate principal amount of 8.25% Senior Secured Notes due 2028 (effective 2023-02-21). - Action: entry - Agreement: notes offering - Counterparty: Wilmington Trust, National Association - Value: $40.0 million aggregate principal amount of 8.25% Senior Secured Notes due 2028 - Effective: 2023-02-21 source text: On February 15, 2023, Full House Resorts, Inc. (the “Company”) entered into a note purchase agreement in connection with a private offering of $40.0 million aggregate principal amount of its 8.25% Senior Secured Notes due 2028 (the “Additional Notes”), which offering closed on February 21, 2023. evidence_url: https://www.sec.gov/Archives/edgar/data/891482/000089148223000008/0000891482-23-000008-index.htm - Material Agreements FULL HOUSE RESORTS INC amended Second Amendment to Credit Agreement with Capital One, National Association valued at increased the amount of additional Indebtedness permitted under the Credit Agreement from $25.0 mill (effective 2023-02-21). - Action: amendment - Agreement: credit facility - Counterparty: Capital One, National Association - Value: increased the amount of additional Indebtedness permitted under the Credit Agreement from $25.0 mill - Effective: 2023-02-21 source text: On February 21, 2023, the Company entered into a Second Amendment to Credit Agreement with Capital One, National Association, which, among other things, increased the amount of additional Indebtedness permitted under the Company’s Credit Agreement, dated as of March 31, 2021 (as amended through the date hereof, the “Credit Agreement”) from $25.0 million to $40.0 million. evidence_url: https://www.sec.gov/Archives/edgar/data/891482/000089148223000008/0000891482-23-000008-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.