Boyd Gaming Corporation

Overview

Deal Type Debt Capital Markets
Size $2.3 Billion
Senior Secured Credit Facilities
Client & Transactional Partners Boyd Gaming Corporation
Our Role Co-Documentation Agent
Joint Lead Arranger

Summary

On March 2, 2022, KeyBanc Capital Markets (KBCM) successfully closed the syndication of $2.3 billion Senior Secured Credit Facilities (Credit Facilities) for Boyd Gaming Corporation (Boyd or the Company). The Credit Facilities are comprised of a $1.45 billion Revolving Credit Facility and a $880 million Term Loan A. Proceeds were used to refinance the Company’s existing debt, support ongoing working capital needs, and pay transaction related fees and expenses. KBCM acted as Joint Lead Arranger and Co-Documentation Agent on the transaction.

Founded in 1975, Boyd Gaming Corporation is one of the largest and most successful casino entertainment companies in the United States. The Company owns and operates 28 gaming properties in ten states – Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. Boyd is also a strategic partner and 5% equity owner of FanDuel Group, the nation’s leading sports-betting and iGaming operator. With one of the most experienced leadership teams in the casino industry, Boyd prides itself on offering its guests an outstanding entertainment experience, delivered with unwavering attention to customer service. The Company is headquartered in Las Vegas, Nevada.

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