secwatch / observer
8-K filed May 30, 2023, 7:59 PM ET ticker GDEN CIK 0001071255
debt confidence high sentiment neutral materiality 0.60

NEW ROYAL HOLDCO I INC. (GDEN): debt financing — Golden Entertainment closes $400M term B-1 loan, extends revolver maturity to 2028

NEW ROYAL HOLDCO I INC.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NEW ROYAL HOLDCO I INC. incurred term loan of $400 million with JPMorgan Chase Bank, N.A., as administrative agent at Term SOFR rate for the applicable interest period plus a credit spread adjustmen maturing earlier of May 26, 2030 and the Springing Maturity Date.

Instrument
term loan
Principal
$400 million
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent
Rate
Term SOFR rate for the applicable interest period plus a credit spread adjustmen
Maturity
earlier of May 26, 2030 and the Springing Maturity Date
Event
incurrence
Exact text from the filing
a new senior secured term loan B-1 credit facility in the amount of $400 million with a maturity date of the earlier of May 26, 2030 and the Springing Maturity Date, which was fully drawn at closing
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NEW ROYAL HOLDCO I INC. amended revolving credit of $240 million with JPMorgan Chase Bank, N.A., as administrative agent at Term SOFR rate for the applicable interest period plus a credit spread adjustmen maturing earlier of May 26, 2028 and the Springing Maturity Date.

Instrument
revolving credit
Principal
$240 million
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent
Rate
Term SOFR rate for the applicable interest period plus a credit spread adjustmen
Maturity
earlier of May 26, 2028 and the Springing Maturity Date
Event
amendment
Exact text from the filing
an extension of the maturity date of the existing $240 million revolving credit facility under the Credit Facility from April 20, 2024 to the earlier of May 26, 2028 and the Springing Maturity Date
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NEW ROYAL HOLDCO I INC. amended Second Amendment to First Lien Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at $400 million (effective 2023-05-26).

Action
amendment
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent
Value
$400 million
Effective
2023-05-26
Exact text from the filing
On May 26, 2023, Golden Entertainment, Inc. (the “Company”) entered into the Second Amendment to First Lien Credit Agreement (the “Second Amendment”), by and among the Company, the subsidiary guarantors party thereto, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent (the “Agent”).
View on SEC.gov

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NEW ROYAL HOLDCO I INC. filing history →

Source: SEC EDGAR
accession 0001193125-23-155694
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