---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-155694"
form_type: "8-K"
ticker: "GDEN"
cik: "0001071255"
company_name: "NEW ROYAL HOLDCO I INC."
filed_at: "2023-05-30T23:59:59+00:00"
generated_at: "2026-06-14T11:11:41.345454+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Golden Entertainment closes $400M term B-1 loan, extends revolver maturity to 2028

## Summary
- Entered Second Amendment to First Lien Credit Agreement on May 26, 2023.
- New $400M senior secured term loan B-1 fully drawn; proceeds used to repay portion of existing term B loan.
- Existing $240M revolving credit facility maturity extended from April 2024 to May 2028 (springing).
- Post-closing: $175M term B, $400M term B-1, $0 revolver outstanding; new term B-1 SOFR + 2.75% margin.
- Springing maturity triggers 91 days before 2026 notes or term B maturity if debt outstanding.

## SEC filing metadata
- accession: 0001193125-23-155694
- form_type: 8-K
- ticker: GDEN
- cik: 0001071255
- company_name: NEW ROYAL HOLDCO I INC.
- filed_at: 2023-05-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1071255/000119312523155694/0001193125-23-155694-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1071255/000119312523155694/d515336d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-155694
- JSON: https://secwatch.observer/filing/0001193125-23-155694.json
- Plain text: https://secwatch.observer/filing/0001193125-23-155694.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1071255/000119312523155694/0001193125-23-155694-index.htm
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1071255/000119312523155694/0001193125-23-155694-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1071255/000119312523155694/0001193125-23-155694-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.