secwatch.observer — SEC 8-K summary
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Issuer:     MONARCH CASINO & RESORT INC (MCRI)
CIK:        0000907242
Form:       8-K
Filed at:   2023-02-07T23:59:59+00:00
Accession:  0001558370-23-000967
Event type: dividend
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Monarch declares $5.00 special dividend, initiates $1.20 annual dividend, amends credit line
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- One-time cash dividend of $5.00 per share payable March 15, 2023 to holders of record March 1, 2023.
- New annual cash dividend of $1.20 per share ($0.30/quarter), starting in Q2 2023.
- Fifth Amended Credit Facility raises revolver to $100M (option to add $100M), extends maturity to Jan 1, 2025.
- CEO cites strong FCF, zero debt after Black Hawk expansion as rationale for shareholder return.
- Credit facility may be used to partially fund the special dividend and for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/907242/000155837023000967/0001558370-23-000967-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/907242/000155837023000967/mcri-20230201x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-000967

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