Casino operator Twin River Worldwide Holdings (TRWH) is looking to raise more cash, possibly for additional acquisitions, while offering a hopeful preview of its third-quarter performance.

On Tuesday, TRWH announced plans to raise around $125m via a new debt offering of 6.75% senior unsecured notes due 2027. Combined with the $400m of similar debt raised this spring, TRWH is now on the hook for $525m in notes due seven years hence. The offer is expected to close on Friday (9).

TRWH says it plans to use the extra cash for general corporate purposes “which could include … acquisitions and other transactions.” It was only last week that TRWH announced a $120m deal for Delaware North’s Jumer’s Casino & Hotel in Rock Island, Illinois, the latest in a string of regional acquisitions over the past few years.   

TRWH also offered a snapshot of its upcoming Q3 financial report, which the company believes will show revenue coming in between $100m and $130m, while adjusted earnings will be in a range of $30m to $40m. TRWH said it expects to be cash flow positive for the quarter (excluding its July 2019 acquisition of Casino KC and Casino Vicksburg from Eldorado Resorts).