Full House Resorts, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of Long-Term Debt, Related Discounts and Issuance Costs


(In thousands)	March 31,		December 31,
	2021		2020
Senior Secured Notes due 2028(1)	$	310,000	$	—
Senior Secured Notes due 2024(2)		—		106,825
Unsecured Loans (CARES Act)(2)		5,606		5,606
Less: Unamortized discounts and debt issuance costs		(9,527)		(5,173)
		306,079		107,258
Less: Current portion of long-term debt		(799)		(426)
	$	305,280	$	106,832

__________

(1)

As of March 31, 2021, the estimated fair value of these notes was approximately $331.8 million. The fair value was estimated using quoted market prices for these notes (see Note 2).

(2)

The estimated fair value for these non-traded debt instruments can be approximated by their respective carrying values because management believes their terms are representative of market conditions.

Debt Instrument Redemption

At any time on or after February 15, 2024, the Company may redeem some or all of the 2028 Notes for cash at the following redemption prices:


Redemption Periods	Percentage Premium
February 15, 2024 to February 14, 2025	104.125	%
February 15, 2025 to February 14, 2026	102.063	%
February 15, 2026 and Thereafter	100.000	%

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details