Golden Entertainment to repay facility borrowings with note proceeds

By Sarah Lizee

Olympia, Wash., April 15 – Golden Entertainment, Inc. plans to repay all of the outstanding debt under its existing second-lien credit agreement, and all of the outstanding revolver debt and some of the outstanding term loan debt under its first-lien credit agreement, according to a press release.

Proceeds from a $375 million issue of 7 5/8% seven-year senior notes will be used for the repayment.

The borrower is a Las Vegas-based gaming and hospitality company.

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