Key Developments: Full House Resorts Inc (FLL.W)

FLL.W on CBOE When Trading NASDAQ Global Select Market

2.55USD
27 Jan 2014
Price Change (% chg)

$-0.20 (-7.27%)
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$2.75
Open
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Latest Key Developments (Source: Significant Developments)

Full House Resorts, Inc to acquire Fitzgerald's casino in Tunica
Monday, 24 Mar 2014 08:00am EDT 

Full House Resorts, Inc:Agrees with The Majestic Star Casino LLC to acquire all of the outstanding membership interests of the entity operating Fitzgerald's Casino, in Tunica, Mississippi.The purchase price is $62 mln, exclusive of working capital and other adjustments, fees and expenses as of the closing date.The agreement is subject to Full House obtaining financing for the acquisition within 90 days of its execution, obtaining regulatory approvals, and other customary closing conditions.Intends to fund the acquisition with a combination of proceeds obtained by refinancing its existing credit facilities with a new credit facility with a capacity of about $125 mln and through an equity offering.Closing of the acquisition is expected during the Q3 2014.  Full Article

Full House Resorts Inc Appoints Deborah Pierce As New Chief Financial Officer
Thursday, 15 Nov 2012 08:08am EST 

Full House Resorts Inc announced that Deborah Pierce will be joining Full House Resorts in December as its new Chief Financial Officer. Second, the Company`s current Chief Operating Officer and Chief Financial Officer Mark Miller will retain the title and responsibilities of Chief Operating Officer.  Full Article

Full House Resorts Inc Completes Acquisition of Silver Slipper Casino in Mississippi
Monday, 1 Oct 2012 02:50pm EDT 

Full House Resorts Inc announced that it has completed the purchase of Silver Slipper Casino Venture LLC, doing business as the Silver Slipper Casino, in Hancock County, Mississippi for approximately $70 million, exclusive of working capital and transaction expenses. As previously announced, the Company used $50 million on its first lien credit facility and $20 million on its second lien credit facility to complete the transaction. The Company was advised on the acquisition and financing by Macquarie Capital.  Full Article

Full House Resorts, Inc. Obtains Financing Commitment For Silver Slipper Casino Acquisition
Wednesday, 2 May 2012 08:00am EDT 

Full House Resorts, Inc. announced today it has obtained financing commitments for new credit facilities totaling $75 million which will be used to fund the Company‚Äôs acquisition of the Silver Slipper Casino in Hancock County, Mississippi. The financing will consist of a $55 million first lien credit facility and a $20 million second lien facility. Capital One N.A. will serve as administrative agent for the first lien facility and Summit Partners Credit Advisors, L.P. will act as arranger for the second lien facility. The expected weighted average cash interest cost of the facilities will be approximately 8%. The funding of the new credit facilities are subject to documentation and other customary conditions  Full Article

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