debt
confidence high
sentiment neutral
materiality 0.50
Boyd Gaming to redeem all $300M of 8.625% Senior Notes due 2025 on June 1
BOYD GAMING CORP
- Redemption price set at 104.313% of principal plus accrued interest; funded via cash on hand and revolver borrowings.
- Total outstanding principal: $300 million; notes originally issued May 2020.
- Redemption date is June 1, 2022; notice of redemption issued May 20, 2022.
- Company to use combination of cash on hand and borrowings under revolving credit facility.