Full House Resorts announces amendment of credit agreements

theflyonthewall.com

Full House Resorts announced that the company has amended its first lien and second lien credit facilities to modify certain covenants through the maturity date of each facility. Full House Resorts will pay one-time fees aggregating $231,000 to the lenders. In addition, the second lien facility will receive an upward adjustment of one percent on its interest rate through maturity. Over the next nine months, the Company plans to borrow on their previously approved $10M loan, available through the first lien agreement for the Silver Slipper hotel which is currently under construction and is expected to open late 2014 or early 2015.

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