Boyd Gaming Corporation (NYSE:BYD) Files An 8-K Entry into a Material Definitive Agreement

Boyd Gaming Corporation (NYSE:BYD) Files An 8-K Entry into a Material Definitive Agreement

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Item 1.01.

Entry into a Material Definitive Agreement.
On March 7, 2017, Boyd Gaming Corporation (the Company), certain
of its subsidiaries and the trustee to the Notes (as defined
below) entered into a (i) third supplemental indenture to the
indenture governing the Companys 6.875% Senior Notes due 2023
(the 2023 Notes) and (ii) second supplemental indenture to the
indenture governing the Companys 6.375% Senior Notes due 2026
(the 2026 Notes and, together with the 2023 Notes, the Notes).
The supplemental indentures were entered into to add the
following subsidiaries as guarantors to the Notes: ALST Casino
Holdco LLC, Aliante Gaming, LLC, The Cannery Hotel and Casino,
LLC, and Nevada Palace, LLC (the Designated Subsidiaries).
The foregoing description of the supplemental indentures is
qualified in its entirety by reference to the terms of such
supplemental indentures, which are attached hereto as Exhibit
4.1, with respect to the supplemental indenture to the 2023
Notes, and Exhibit 4.2, with respect to the supplemental
indenture to the 2026 Notes, and incorporated herein by
reference.
The indenture and the first supplemental indenture governing the
2023 Notes, which describe the terms of such notes, were included
as Exhibits 4.1 and 4.2 to the Companys Current Report on Form
8-K filed with the Securities and Exchange Commission (the SEC)
on May 21, 2015, and the indenture governing the 2026 Notes,
which describes the terms of such notes, was included as Exhibit
4.1 to the Companys Current Report on Form 8-K filed with the SEC
on March 29, 2016. The second supplemental indenture governing
the 2023 Notes and the first supplemental indenture governing the
2026 Notes were included as Exhibits 4.1 and 4.2 to the Companys
Current Report on Form 8-K filed with the SEC on December 20,
2016.
Item 2.03.
Creation of a Direct Financial Obligation or an Obligation
under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 hereto is incorporated by
reference herein.
Item 8.01.
Other Events
On March 7, 2017, concurrent with the execution of the
supplemental indentures described in Item 1.01 hereto, the
Designated Subsidiaries executed collateral documents to become
subsidiary guarantors with respect to the obligations of the
Company set forth in the Third Amended and Restated Credit
Agreement, dated August 14, 2013, among the Company, certain
financial institutions, Bank of America, N.A., as administrative
agent and letter of credit issuer, and Wells Fargo Bank, National
Association, as swing line lender (the Credit Agreement), as
amended by Amendment No. 1 and Joinder Agreement, dated September
15, 2016 (the Amendment).
The Credit Agreement was included as Exhibit 10.1 to the Companys
Current Report on Form 8-K filed with the SEC on August 14, 2013
and the Amendment was included as Exhibit 10.1 to the Companys
Current Report on Form 8-K filed with the SEC on September 19,
2016.
Item 9.01.
Financial Statements and Exhibits
(d) Exhibits
Exhibit Number
Description
4.1
Third Supplemental Indenture dated March 7, 2017
governing the Companys 6.875% senior notes due 2023, by
and among the Company, the guarantors named therein and
Wilmington Trust, National Association, as trustee.
4.2
Second Supplemental Indenture dated March 7, 2017
governing the Companys 6.375% senior notes due 2026, by
and among the Company, the guarantors named therein and
Wilmington Trust, National Association, as trustee.


About Boyd Gaming Corporation (NYSE:BYD)

Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company is an owner and operator of approximately 22 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and Mississippi. The Company’s segments include Las Vegas Locals; Downtown Las Vegas; Midwest and South, and Peninsula. It also owns and operates a travel agency and a captive insurance company that underwrites travel-related insurance, each located in Hawaii. As of March 31, 2016, the Company owned or managed 1,243,007 square feet of casino space, containing 29,736 slot machines, 757 table games and 11,391 hotel rooms. The Company’s properties include Gold Coast Hotel and Casino, The Orleans Hotel and Casino, Sam’s Town Hotel and Gambling Hall, Suncoast Hotel and Casino, and Eldorado Casino and Jokers Wild Casino. The Company also operates Aliante Casino + Hotel + Spa.

Boyd Gaming Corporation (NYSE:BYD) Recent Trading Information

Boyd Gaming Corporation (NYSE:BYD) closed its last trading session up +0.31 at 20.34 with 1,703,970 shares trading hands.

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