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ARHN.OB > SEC Filings for ARHN.OB > Form 8-K on 2-Sep-2009All Recent SEC Filings

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Form 8-K for ARCHON CORP


2-Sep-2009

Other Events


ITEM 8.01 Other Events.

The Company maintains a $29.0 million line of credit loan originally granted by Colonial Bank (and now held by the successors in interest of Colonial Bank and the FDIC, Branch Banking & Trust Company ("BB&T"). The referenced line of credit is secured by certain real property owned by the Company in Las Vegas, Nevada. The line of credit loan is revolving and is subject to additional lending requirements. The line of credit loan is current and only partially utilized at this time.

BB&T has approved an extension to the Company's referenced line of credit loan by the attached Loan Commitment which has been accepted by the Company.

The Loan Commitment, dated August 18, 2009 and delivered to BB&T on August 27, 2009 is attached hereto as Exhibit 99.1. A related notice regarding the transfer of certain of Colonial Bank's loans to BB&T is attached as Exhibit 99.2.

ITEM 9.01 Exhibits.


(d) Exhibits

The following Exhibits are furnished herewith:



Exhibit 99.1    Loan Commitment dated August 18, 2009 and delivered on August 27, 2009
                to BB&T (This Item On Colonial Bank Letterhead).

Exhibit 99.2    Notice Regarding Loans Closed In The Name of Colonial Bank dated
                August 25, 2009 and delivered on August 27, 2009 to BB&T (This Item On
                BB&T Letterhead).


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