FLL - Full House Resorts launches senior secured notes offering
Full House Resorts (FLL) traded 3.4% higher premarket after announcing plans to offer $300M in principal amount of senior secured notes due 2028 in a private debt offering.Proceeds to be used for redeeming all of its outstanding senior secured notes due 2024, which had $106.8M outstanding as of Dec. 31, 2020, at a redemption price equal to 100.9%, to fund the proposed expansion and redevelopment of the Bronco Billy’s Casino and Hotel in Cripple Creek, Colorado and opening the proposed expansion and redevelopment.If any remaining for general corporate purposes.
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Full House Resorts launches senior secured notes offering