LAS VEGAS, July 12, 2018 /PRNewswire/ -- Boyd Gaming
Corporation (NYSE: BYD) (the "Company") today announced that it has
commenced an exchange offer (the "Exchange Offer") for eligible
holders to exchange any and all of the Company's outstanding 6.000%
Senior Notes due 2026 (the "Unregistered Notes") that were
originally issued on June 25, 2018 in
a transaction exempt from registration under the Securities Act of
1933, as amended (the "Securities Act"), in an aggregate principal
amount of $700
million. Eligible holders of the Unregistered
Notes may exchange them for an equal principal amount of the
Company's 6.000% Senior Notes due 2026, which have been registered
under the Securities Act (the "Registered Notes"). The terms of the
Registered Notes are substantially identical to the Unregistered
Notes, except for transfer restrictions and registration rights
relating to the Unregistered Notes.
The Exchange Offer will expire at 5:00
p.m., New York City time,
on August 10, 2018, unless extended
or terminated in accordance with its terms. Exchanges of the
Unregistered Notes for Registered Notes must be made in accordance
with the terms of the Exchange Offer before the Exchange Offer
expires and may be withdrawn at any time before the Exchange Offer
expires. The completion of the Exchange Offer, and
participation in the Exchange Offer by eligible holders, are each
subject to the terms and conditions set forth in the prospectus and
transmittal materials for the Exchange Offer.
Documents describing the terms of the Exchange Offer, including
the prospectus and transmittal materials for making exchanges, can
be obtained from the exchange agent addressed as follows:
Wilmington Trust, National
Association
Rodney Square
North
1100 North Market Street
Wilmington, DE 19890-1626
Attention: Workflow Management—5th Floor
By Facsimile Transmission:
(302)
636-4139
Attention: Workflow Management—5th Floor
This press release is for informational purposes only and shall
not constitute an offer to exchange, nor a solicitation of an offer
to exchange, any securities. The Exchange Offer is being made only
pursuant to a prospectus for the Exchange Offer, dated July 9, 2018, and related letter of transmittal,
which were filed with the United States Securities and Exchange
Commission.
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SOURCE Boyd Gaming Corporation