Resorts International amends revolver, extending maturity

By Sara Rosenberg

New York, Dec. 6 - Resorts International Hotel Inc. amended its revolving credit facility, extending the maturity to Jan. 31, 2007, according to an 8-K filed with the Securities and Exchange Commission Wednesday.

The amendment also requires that the company must maintain a minimum EBITDA and must not permit the ratio of total debt to EBITDA to exceed 11.0:1.0.

The amendment was completed on Dec. 4.

Commerce Bank is the agent bank on the deal.

Resorts International is an owner and operator of casinos in Atlantic City, N.J., the Chicagoland gaming market and Tunica, Miss.

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