Full House Resorts amends financial covenants in credit agreements

By Toni Weeks

San Luis Obispo, Calif., Jan. 14 – Full House Resorts, Inc. amended its first-lien and second-lien credit agreements on Jan. 9, according to an 8-K filing with the Securities and Exchange Commission.

The first-lien amendment modified certain financial covenants, effective as of Dec. 31, and extends the time period for draws against the $10 million term loan associated with hotel construction at Silver Slipper Casino to May 31, 2015.

The second-lien amendment modifies certain financial covenants, effective as of Dec. 31, and extends the maturity date to April 1, 2017.

Capital One, NA is administrative agent, letter-of-credit issuer and swingline lender for the first-lien agreement.

ABC Funding, LLC is the administrative agent for the second-lien credit facility.

Full House is a Las Vegas-based owner, developer and manager of gaming facilities.

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