FLL - Full House Resorts to raise additional $100M in senior notes offering
Full House Resorts (NASDAQ:FLL) plans to offer additional $100M in principal amount of its senior secured notes due 2028 in a private debt offering. The notes are issued post the $310M in identical senior secured notes issued in February 2021. Holders of a majority of the original notes have approved to the issuance of the additional notes and an increase in the available borrowings under its credit agreement from $15M to $40M. Net proceeds from additional offering to be used for develop, equip and open The Temporary by American Place, planned temporary casino in Waukegan, Illinois and for general corporate purposes.
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Full House Resorts to raise additional $100M in senior notes offering