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/PRNewswire/ Butler National Corporation (OTCQB: BUKS) a recognized provider of professional management services in the gaming industry, announces its. ....
/PRNewswire/ Butler National Corporation (OTCQB: BUKS) a recognized provider of professional management services in the gaming industry, announces its. ....
Share this article Share this article OLATHE, Kan., Dec. 22, 2020 /PRNewswire/ Butler National Corporation (OTCQB: BUKS) a recognized provider of professional management services in the gaming industry, announces the completion of the acquisition of the Boot Hill and Resort Casino land and building by the exercise of its lease buy-out option. BHCMC, LLC completed a $42 Million debt transaction to exercise an option to acquire the casino land and building for $41.25 million from BHC Development, L.C. The transaction consisted of two bank loans with Academy Bank, N.A. One note for $35 million collateralized by real estate in Dodge City with an interest rate of 5.25% payable over seven years with an initial twenty-year amortization and a balloon payment of approximately $19.25 million at the end of seven years. The second note for $7 million collateralized by real estate in Dodge City with an interest rate of 5.75% payable in full over five years. The balance of the ....