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Monarch Casino & Resort expands credit facility to $250M

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Monarch Casino & Resort expands credit facility to $250M

Monarch Casino& Resort Inc. boosted its existing credit facility to $250million from $100 million and extended the maturity date to July 20, 2021, fromNov. 15.

The company said that borrowings from the credit facilitymay be used to pay for costs associated with its expansion initiative atMonarch Casino Black Hawkin Black Hawk, Colo. The funds may also be used for working capital needs,general corporate purposes and ongoing CapEx requirements.