Full House Resorts plans $525 million senior secured debt offering
FLL•Full House Resorts is considering about $525 million in senior secured notes due 2031, alongside a proposed $100 million revolving credit facility; proceeds would refinance debt and fund casino construction and other corporate needs.
1. Proposed debt offering
Full House Resorts is considering a private offering of approximately $525 million in senior secured notes due 2031. A proposed $100 million revolving credit facility would bring the two debt transactions to approximately $625 million. Proceeds would refinance existing debt, including 8.25% Senior Secured Notes due 2028, and fund construction and other corporate needs. A major financial institution has expressed willingness to fund all construction costs for the permanent American Place casino in Waukegan, Illinois.
