secwatch.observer — SEC 8-K summary
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Issuer:     NEW ROYAL HOLDCO I INC. (GDEN)
CIK:        0001071255
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0001071255-23-000076
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Golden Entertainment completes sale of Rocky Gap Casino Resort for $260M; uses $175M to repay debt
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- Century Casinos paid ~$56.1M for operations; VICI paid ~$203.9M for land and buildings.
- $175M of proceeds used to fully repay term loan B facility; $400M term loan B-1 and $240M revolver remain.
- Pro forma shows FY2022 revenue reduction of ~$78M and annual interest expense savings of ~$8.6M.
- Macquarie Capital acted as exclusive financial advisor; Latham & Watkins and Duane Morris acted as legal counsel.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1071255/000107125523000076/0001071255-23-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1071255/000107125523000076/gden-20230725.htm
  HTML page:      https://secwatch.observer/filing/0001071255-23-000076

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