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Stock Market & Financial Investment News

News Breaks
July 21, 2014
06:00 EDTFLLFull House Resorts announces amendment of credit agreements
Full House Resorts announced that the company has amended its first lien and second lien credit facilities to modify certain covenants through the maturity date of each facility. Full House Resorts will pay one-time fees aggregating $231,000 to the lenders. In addition, the second lien facility will receive an upward adjustment of one percent on its interest rate through maturity. Over the next nine months, the Company plans to borrow on their previously approved $10M loan, available through the first lien agreement for the Silver Slipper hotel which is currently under construction and is expected to open late 2014 or early 2015.
News For FLL From The Last 14 Days
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October 22, 2014
16:27 EDTFLLFull House Resorts reiterates commitment to New York projects
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07:05 EDTFLLFull House Resorts board announces initiation of sale process
Full House Resorts announced that the company’s Board of Directors has authorized management to initiate a process for the sale of the company. After its evaluation of strategic alternatives, the Board of Directors has determined that pursuing a sale of the company is the best course of action to maximize stockholder value and is accordingly in the best interest of all stockholders. The company will continue to work with Macquarie Capital as its financial advisor and Latham & Watkins LLP as its legal advisor as it pursues the sale process. The company welcomes the dissident stockholder group to participate in the sale process. However, the company does not believe that granting the dissident stockholder group effective control of the company’s Board of Directors without the payment of a control premium will maximize stockholder value. In the meantime, the company encourages stockholders not to support the disruptive and expensive process to call a special meeting initiated by the dissident stockholders.
October 20, 2014
08:33 EDTFLLAllen Paulson Living Trust releases open letter to Full House Resorts board
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October 13, 2014
07:02 EDTFLLFull House says has been evaluating strategic alternatives for several months
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07:01 EDTFLLFull House says proposals by dissident investors 'inappropriate,' 'disruptive'
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