Financing ·
Full House Resorts plans $525M new notes and $100M credit facility to fund Waukegan casino
FLLFull House Resorts Inc
Full House Resorts intends to construct a permanent American Place casino in Waukegan, Illinois, replacing its current temporary facility. The company is negotiating with financial institutions to fund construction costs and has discussed refinancing existing 8.25% Senior Secured Notes due 2028. Proposed transactions include a private offering of approximately $525 million of new senior secured notes due 2031 and a new $100 million revolving credit facility. Proceeds would redeem existing debt, repay the current credit facility, fund construction, and cover fees. Discussions are ongoing, subject to definitive documentation. Full House Resorts operates casinos in Illinois.