Full House Resorts begins roadshow for $300 million offering of seven-year secured notes

By Paul A. Harris

Portland, Ore., Feb. 2 – Full House Resorts, Inc. was scheduled to kick off a $300 million offering of seven-year senior secured notes on a late Tuesday morning conference call with investors, according a syndicate source.

The Rule 144A and Regulation S deal is set to price later in the Feb. 1 week.

Credit Suisse Securities (USA) LLC is the left lead bookrunner. Macquarie Capital (USA) Inc. and Capital One Securities Inc. are the co-managers.

The notes become callable after three years at par plus 50% of the coupon.

The Las Vegas-based owner, developer and manager of gaming facilities plans to use the proceeds plus proceeds from its credit facility to refinance its existing senior notes, to complete the Cripple Creek expansion project and for general corporate purposes, including acquisitions and investments.

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