Monarch Casino amends $100.0 million credit facility, extends maturity to January 1, 2028
Monarch Casino & Resort entered into a Sixth Amended and Restated Credit Agreement with Wells Fargo Bank, N.A., as administrative agent, on December 31, 2024, amending its $100.0 million credit facility. The filing says the new facility extends the maturity to January 1, 2028, removes the lien on real property, and sets pricing at SOFR plus 1.25% or the Base Rate plus 0.25%, with a 1.50:1.00 maximum Total Leverage Ratio covenant. For shareholders, the filing describes changes to borrowing terms and covenants rather than operating results.
Key points
- Maturity extended to January 1, 2028 under the Sixth Amended Credit Facility, which amends and restates the prior $100.0 million facility dated February 1, 2023
- Interest at SOFR plus a 1.25% margin, or the Base Rate plus a 0.25% margin; Commitment Fee Percentage revised to 0.25% per annum
- Company must maintain a Total Leverage Ratio of no more than 1.50:1.00; obligations secured by substantially all assets other than the released real property
- Full agreement to be filed as an exhibit to the Form 10-K for the year ended December 31, 2024
The filing
Written by AI on Nov 8, 2026, 1:54 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 03, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.