Current Report Filing (8-k)
August 31 2018 - 5:26PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section 13 or Section 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 30, 2018
EMPIRE RESORTS, INC.
(Exact name of registrant as specified in its charter)
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Delaware
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001-12522
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13-3714474
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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c/o Monticello Casino and Raceway,
204 State Route 17B,
P.O.
Box 5013, Monticello, NY
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12701
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code:
(845) 807-0001
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if
the Form 8-K filing
is intended to simultaneously satisfy the filing
obligation to the registrant under any of the following provisions:
☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant
to Rule 14a-12 under
the
Exchange
Act (17 CFR 240.14a-12)
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Pre-commencement communications
pursuant
to Rule 14d-2(b) under
the Exchange
Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement communications
pursuant
to Rule 13e-4(c) under
the Exchange
Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this
chapter) or
Rule 12b-2 of
the Securities Exchange Act of
1934 (§240.12b-2 of
this chapter).
Emerging growth company ☐
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act. ☐
Item 2.03. Creation of a Direct Financial Obligation or
an Off-Balance Sheet
Arrangement of a Registrant.
As previously reported in a
Current Report on
Form 8-K,
dated January 3, 2018, on December 28, 2017, Empire Resorts, Inc. (the Company) entered into a Delayed Draw Term Loan Credit Agreement (the Bangkok
Bank Loan Agreement), as amended on June 25, 2018, with Bangkok Bank PCL, New York Branch (Bangkok Bank), as lender, and Monticello Raceway Management, Inc., the Companys wholly-owned subsidiary, as guarantor. The
Bangkok Bank Loan Agreement provides for loans to be made to the Company in an aggregate principal amount of up to $20,000,000 (the Bangkok Bank Loan).
The Company previously drew down $16,000,000 on the Bangkok Bank Loan on December 28, 2017. On August 30, 2018, the Company drew
down $2,000,000 under the Bangkok Bank Loan at LIBOR plus 6.25%, for a total of $18,000,000 drawn down under the Bangkok Bank Loan. The proceeds of the Bangkok Bank Loan are being used for general corporate purposes.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Dated: August 31, 2018
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EMPIRE RESORTS, INC.
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By:
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/s/ Ryan Eller
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Name: Ryan Eller
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Title: President and Chief Executive Officer
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