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Golden Entertainment uses casino sale to repay term loan from 2017
Chicago, Aug. 2 – Golden Entertainment Inc. used divestment proceeds to repay in full and discharge the company’s term loan B under a first-lien credit agreement from October 2017, according to an 8-K filed with the Securities and Exchange Commission.
Golden Entertainment sold the Rocky Gap Casino Resort to Century Casinos, Inc. and VICI Properties, LP for $260 million.
The company’s $400 million term loan B-1 credit facility and undrawn $240 million revolver under the credit facility remain outstanding.
According to the Prospect News archive, the term loan that was repaid matured on Oct. 20, 2024.
Golden Entertainment is a Las Vegas-based owner and operator of a diversified entertainment platform.
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