LAS VEGAS, June 8, 2021 /PRNewswire/ -- Boyd Gaming
Corporation (NYSE: BYD) (the "Company") today announced that
it has closed its previously announced offering of $900 million aggregate principal amount of 4.750%
senior notes due 2031 (the "notes").
The notes bear interest at a rate of 4.750% per annum, payable
semi-annually on March 15 and
September 15 of each year, commencing
September 15, 2021. The notes
will mature on June 15, 2031 and are
fully and unconditionally guaranteed by certain of the Company's
current and future domestic restricted subsidiaries. As
previously announced, the Company is using the proceeds from the
offering to finance a portion of the redemption of all of its
outstanding 6.375% senior notes due 2026 and 6.000% senior notes
due 2026.
The notes have not been registered under the Securities Act of
1933, as amended (the "Securities Act"), or applicable state
securities laws or blue sky laws, and may not be offered or sold in
the United States absent
registration under the Securities Act and applicable state
securities laws or available exemptions from such registration
requirements. This announcement shall not constitute an offer
to sell or the solicitation of an offer to buy the notes.
Forward-Looking Statements
This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Such statements
include, without limitation, statements regarding our expectations,
hopes or intentions regarding the future. These forward
looking statements can often be identified by their use of words
such as "will", "might", "predict", "continue", "forecast",
"expect", "believe", "anticipate", "outlook", "could", "would",
"target", "project", "intend", "plan", "seek", "estimate",
"pursue", "should", "may" and "assume", or the negative thereof, as
well as variations of such words and similar expressions referring
to the future, and may include (without limitation) statements
regarding the senior notes and use of proceeds from the
offering. Forward-looking statements involve certain risks
and uncertainties, and actual results may differ materially from
those discussed in any such statement. Factors that could
cause actual results to differ include (without limitation) the
Company's financial performance. Additional factors are
discussed under the heading "Risk Factors" in the Company's Annual
Report on Form 10-K for the fiscal year ended December 31, 2020, the Company's Quarterly Report
on Form 10-Q for the three months ended March 31, 2021 and in the Company's other current
and periodic reports filed from time to time with the Securities
and Exchange Commission. All forward-looking statements in
this document are made based on information available to the
Company as of the date hereof, and the Company assumes no
obligation to update any forward-looking statement.
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SOURCE Boyd Gaming Corporation