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)

6 Months Ended

Jun. 30, 2021

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


(In thousands)	June 30,		December 31,
	2021		2020
Revolving Credit Facility due 2026	$	—	$	—
Senior Secured Notes due 2028⁽¹⁾		310,000		—
Senior Secured Notes due 2024⁽²⁾		—		106,825
Unsecured Loans (CARES Act)⁽³⁾		5,606		5,606
Less: Unamortized discounts and debt issuance costs		(9,072)		(5,173)
		306,534		107,258
Less: Current portion of long-term debt		(1,173)		(426)
	$	305,361	$	106,832

__________

(1)	As of June 30, 2021, the estimated fair value of these notes was approximately $338.6 million. The fair value was estimated using quoted market prices for these notes.

(2)	The estimated fair value for this non-traded debt instrument can be approximated by its respective carrying value because management believes its terms are representative of market conditions.

(3)	The estimated fair value for this non-traded debt instrument can be approximated by its respective carrying value because of its similar terms to other CARES Act loans.

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