secwatch.observer — SEC 8-K summary
======================================

Issuer:     MONARCH CASINO & RESORT INC (MCRI)
CIK:        0000907242
Form:       8-K
Filed at:   2025-01-03T23:59:59+00:00
Accession:  0001558370-25-000019
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Monarch Casino amends credit facility to Jan 2028, removes real property lien
-----------------------------------------------------------------------------

- Sixth Amended & Restated Credit Agreement with Wells Fargo extends maturity to Jan 1, 2028.
- Interest rate: SOFR + 1.25% or Base Rate + 0.25%; commitment fee 0.25% per annum.
- Total Leverage Ratio covenant set at no more than 1.50:1.00.
- Lien on real property removed; facility secured by substantially all other assets.
- Available borrowings remain $100M for working capital, refinancing, and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/907242/000155837025000019/0001558370-25-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/907242/000155837025000019/mcri-20241231x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-000019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer