Boyd Gaming to draw down on revolver to help with redemption expenses

Chicago, May 25 – Boyd Gaming Corp. announced that it plans to draw down on its revolving credit facility to help pay fees, expenses and interest for upcoming redemptions of its 6 3/8% notes due 2026 and its 6% notes also due 2026, according to a press release.

Initially, the revolver was going to be used to redeem the 6% notes.

However, an offering of new notes was upsized to $900 million from $750 million and now the notes will fund the redemptions, but the revolver will be used to pay for some of the expenses with the redemptions and the new notes.

Both redemptions are conditioned upon the successful offering of the new notes.

Boyd Gaming is a casino entertainment company with its corporate office in Las Vegas.

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