Boyd Gaming Corporation (NYSE:BYD) Files An 8-K Entry into a Material Definitive Agreement
Entry into a Material Definitive Agreement.
borrower, entered into Amendment No. 2 and Refinancing Amendment
(the Refinancing Amendment) with the lenders party thereto, and
Bank of America, N.A. (Bank of America), as administrative agent.
The Refinancing Amendment modifies the Third Amended and Restated
Credit Agreement (as amended prior to the execution of the
Refinancing Amendment, the Existing Credit Agreement), dated as
of August 14, 2013, among the Company, certain financial
institutions, and Bank of America, as administrative agent. The
Existing Credit Agreement as modified by the Refinancing
Amendment is hereinafter referred to as the Amended Credit
Term B Loans in an amount equal to $1,264,500,000, with the
proceeds used to refinance in full the Companys Term B-1 Loans
and Term B-2 Loans outstanding under the Existing Credit
Agreement and (ii) certain other amendments to the Existing
the new Term B Loans under the Amended Credit Agreement is based
upon, at the Companys option, either: (i) the Eurodollar rate or
(ii) the base rate, in each case, plus an applicable margin. Such
applicable margin is a percentage per annum determined in
accordance with the Companys secured leverage ratio and ranges
from 2.25% to 2.50% (if using the Eurodollar rate) and from 1.25%
to 1.50% (if using the base rate).
hereto and incorporated herein by reference. The foregoing
description of the Refinancing Amendment does not purport to be
complete and is qualified in its entirety by reference to the
full text of the Refinancing Amendment.
Creation of a Direct Financial Obligation or an Obligation
under an Off-Balance Sheet Arrangement of a Registrant.
herein by reference.
Financial Statements and Exhibits
Amendment No. 2 and Refinancing Amendment.
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 +0.30 at 22.01 with 1,554,764 shares trading hands.