Full House plans $75 million first- and second-lien credit facility

By Sara Rosenberg

New York, May 2 - Full House Resorts has received a commitment for a $75 million credit facility, according to a news release.

The deal consists of a $55 million first-lien facility, for which Capital One is the administrative agent, and a $20 million second-lien loan that is being led by Summit Partners Credit Advisors LP.

The expected weighted average cash interest cost of the facilities is about 8%.

Proceeds will be used to fund the acquisition of the Silver Slipper Casino in Hancock County, Miss.

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

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