Eldorado Resorts, Inc. (NASDAQ:ERI) Files An 8-K Entry into a Material Definitive Agreement
Item1.01
| Entry into a Definitive Agreement. |
On March16, 2017, Eldorado Resorts, Inc. (the Company) executed a
supplemental indenture to the Indenture dated July23, 2015, as
supplemented by that certain First Supplemental Indenture dated
as of December16, 2015 and that certain Second Supplemental
Indenture dated as of May26, 2016 (the Indenture), relating to
its 7% Senior Notes due 2023 (the Notes). The supplemental
indenture amended the Indenture by increasing the ability of the
Company to incur credit facility debt to permit the Company to
fully utilize the borrowing capacity under a new $1.75 billion
credit facility that the Company anticipates entering into in
connection with its previously announced acquisition (the Merger)
of Isle of Capri Casinos, Inc. (Isle). The supplemental indenture
will only be operative upon successful completion of the Merger.
The Company had sought the consent of the holders of the Notes to
the amendment contained in the supplemental indenture to a
consent solicitation previously announced on March6, 2017. On
March14,2017, the Company announced that it had obtained
sufficient consents to amend the Indenture.
A copy of the supplemental indenture relating to the Notes is
attached hereto as Exhibit 4.1 and incorporated by reference
herein. The foregoing description is qualified in its entirety by
reference to the exhibit.
| Item9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
|
Exhibit No. |
Exhibit Description |
|
| 4.1 |
Third Supplemental Indenture, dated March 16, 2017 among Eldorado Resorts, Inc., the guarantors party thereto and U.S. Bank National Association. |
About Eldorado Resorts, Inc. (NASDAQ:ERI)
Eldorado Resorts, Inc. (ERI) is a gaming and hospitality company. The Company owns and operates gaming facilities located in Ohio, Louisiana, Nevada, Pennsylvania and West Virginia. The Company’s segments include Nevada, Louisiana and Eastern. The Company owns and operates various properties, such as Eldorado Resort Casino Reno, which is a 814-room hotel, casino and entertainment facility; Silver Legacy Resort Casino, which is a 1,711-room themed hotel and casino; Circus Circus Reno, which is a 1,571-room hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, which is a 403-room, all suite art deco-style hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, which is a 354-room resort with a casino and live thoroughbred horse racing; Presque Isle Downs & Casino, which is a casino and live thoroughbred horse racing facility with slot machines, table games and poker located in Erie, Pennsylvania, and Eldorado Gaming Scioto Downs. Eldorado Resorts, Inc. (NASDAQ:ERI) Recent Trading Information
Eldorado Resorts, Inc. (NASDAQ:ERI) closed its last trading session down -0.05 at 17.55 with 469,483 shares trading hands.
