secwatch.observer — SEC 8-K summary
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Issuer:     NEW ROYAL HOLDCO I INC. (GDEN)
CIK:        0001071255
Form:       8-K
Filed at:   2024-01-10T23:59:59+00:00
Accession:  0001071255-24-000006
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Golden completes Nevada distributed gaming sale for ~$213.5M cash plus $37.5M purchased cash
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- Sale of Nevada distributed gaming ops to J&J Ventures Gaming closed Jan 10, 2024 for ~$213.5M plus ~$37.5M purchased cash.
- Earlier Montana distributed gaming ops sold to J&J on Sep 13, 2023 for ~$109M; combined with prior Rocky Gap sale for $260M.
- Total divestiture proceeds used to repay $175M term loan B; pro forma cash rises to $501M as of Sep 30, 2023.
- Pro forma net income for 9M 2023 is $3.5M vs $265.1M as reported, reflecting removal of divested ops and gains.
- Company retains branded Nevada tavern locations; records rental income from sub-lease to J&J Nevada.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1071255/000107125524000006/0001071255-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1071255/000107125524000006/gden-20240110.htm
  HTML page:      https://secwatch.observer/filing/0001071255-24-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer