--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-26-017988" form_type: "8-K" ticker: "BYD" cik: "0000906553" company_name: "BOYD GAMING CORP" filed_at: "2026-01-21T23:59:59+00:00" generated_at: "2026-05-16T09:27:02.709890+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.5 calibrated_materiality_score: 0.5 confidence: "high" source: SEC EDGAR --- # Boyd Gaming enters $1.45B revolver and $1.2B term loan, refinances prior credit facility ## Summary - New $1.45B senior secured revolver and $1.2B delayed draw term A loan mature Jan 21, 2031 (5 years). - Term A loans available until July 1, 2027; on Feb 1, 2026, undrawn portion reduced by greater of drawn amount or $400M. - Proceeds used to refinance prior credit agreement and pay transaction costs; also for working capital and general corporate purposes. - Interest rate based on SOFR or base rate plus margin ranging from 1.25% to 2.25% (SOFR) depending on leverage. - Covenants include maximum Consolidated Total Net Leverage Ratio and minimum interest coverage ratio. ## SEC filing metadata - accession: 0001193125-26-017988 - form_type: 8-K - ticker: BYD - cik: 0000906553 - company_name: BOYD GAMING CORP - filed_at: 2026-01-21T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.5 - calibrated_materiality_score: 0.5 - confidence: high - sec_items: 1.01, 1.02, 2.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/906553/000119312526017988/0001193125-26-017988-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/906553/000119312526017988/d95524d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-26-017988 - JSON: https://secwatch.observer/filing/0001193125-26-017988.json - Plain text: https://secwatch.observer/filing/0001193125-26-017988.txt ## Key facts - Debt Financings BOYD GAMING CORP amended credit facility of $1,450.0 million senior secured revolving credit facility with Bank of America, N.A. at SOFR plus applicable margin ranging from 1.25% to 2.25% maturing fifth anniversary of the Closing Date. - Instrument: credit facility - Principal: $1,450.0 million senior secured revolving credit facility - Counterparty: Bank of America, N.A. - Rate: SOFR plus applicable margin ranging from 1.25% to 2.25% - Maturity: fifth anniversary of the Closing Date - Event: amendment source text: The New Credit Agreement provides for (i) a $1,450.0 million senior secured revolving credit facility (the “Revolving Credit Facility") and (ii) a $1,200.0 million senior secured term A loan delayed draw facility (the “Term A Loan Facility", and the loans thereunder, the “Term A Loans"). evidence_url: https://www.sec.gov/Archives/edgar/data/906553/000119312526017988/0001193125-26-017988-index.htm - Debt Financings BOYD GAMING CORP amended term loan of $1,200.0 million senior secured term A loan delayed draw facility with Bank of America, N.A. at SOFR plus applicable margin ranging from 1.25% to 2.25% maturing fifth anniversary of the Closing Date. - Instrument: term loan - Principal: $1,200.0 million senior secured term A loan delayed draw facility - Counterparty: Bank of America, N.A. - Rate: SOFR plus applicable margin ranging from 1.25% to 2.25% - Maturity: fifth anniversary of the Closing Date - Event: amendment source text: The New Credit Agreement provides for (i) a $1,450.0 million senior secured revolving credit facility (the “Revolving Credit Facility") and (ii) a $1,200.0 million senior secured term A loan delayed draw facility (the “Term A Loan Facility", and the loans thereunder, the “Term A Loans"). evidence_url: https://www.sec.gov/Archives/edgar/data/906553/000119312526017988/0001193125-26-017988-index.htm - Material Agreements BOYD GAMING CORP terminated Credit Agreement with Bank of America, N.A., as administrative agent, collateral agent and letter of credit issuer, Wells Fargo Bank, National Association, as swingline lender, and certain other financial institutions party thereto as lenders (effective 2026-01-21). - Action: termination - Agreement: credit facility - Counterparty: Bank of America, N.A., as administrative agent, collateral agent and letter of credit issuer, Wells Fargo Bank, National Association, as swingline lender, and certain other financial institutions party thereto as lenders - Effective: 2026-01-21 source text: The New Credit Agreement amends and restates that certain Credit Agreement (the “Prior Credit Agreement”), dated as of March 2, 2022, among the Company, Bank of America, N.A., as administrative agent, collateral agent and letter of credit issuer, Wells Fargo Bank, National Association, as swingline lender, and certain other financial institutions party thereto as lenders. evidence_url: https://www.sec.gov/Archives/edgar/data/906553/000119312526017988/0001193125-26-017988-index.htm - Material Agreements BOYD GAMING CORP amended Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent, collateral agent and letter of credit issuer, Wells Fargo Bank, National Association, as swingline lender, and certain other financial institutions party thereto as lenders valued at a $1,450.0 million senior secured revolving credit facility and a $1,200.0 million senior secured te (effective 2026-01-21). - Action: amendment - Agreement: credit facility - Counterparty: Bank of America, N.A., as administrative agent, collateral agent and letter of credit issuer, Wells Fargo Bank, National Association, as swingline lender, and certain other financial institutions party thereto as lenders - Value: a $1,450.0 million senior secured revolving credit facility and a $1,200.0 million senior secured te - Effective: 2026-01-21 source text: On January 21, 2026 (the “Closing Date”), Boyd Gaming Corporation (the “Company”) entered into that certain Amended and Restated Credit Agreement (the “New Credit Agreement”) among the Company, certain direct and indirect subsidiaries of the Company as guarantors (the “Guarantors”), Bank of America, N.A., as administrative agent, collateral agent and letter of credit issuer, Wells Fargo Bank, National Association, as swingline lender, and certain other financial institutions party thereto as lenders. evidence_url: https://www.sec.gov/Archives/edgar/data/906553/000119312526017988/0001193125-26-017988-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.