secwatch.observer — SEC 8-K summary
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Issuer:     BOYD GAMING CORP (BYD)
CIK:        0000906553
Form:       8-K
Filed at:   2026-01-21T23:59:59+00:00
Accession:  0001193125-26-017988
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Boyd Gaming enters $1.45B revolver and $1.2B term loan, refinances prior credit facility
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/906553/000119312526017988/0001193125-26-017988-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/906553/000119312526017988/d95524d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-017988

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