Boyd Gaming announces private offering of $750 million senior notes due 2031

The company intends to use the proceeds from the offering to finance the redemption of all of its outstanding 6.375% senior notes due 2026 . Concurrent with the offering, Boyd Gaming also intends to redeem all of its outstanding 6.000% senior notes due 2026 using a combination of cash on hand and borrowings under its revolving credit facility.

The Company plans to use borrowings under its revolving credit facility to pay the redemption premiums, accrued and unpaid interest, fees (including the initial purchasers' fees), expenses and commissions related to this offering and the redemptions. 

The notes are being offered and sold to persons reasonably believed to be qualified institutional buyers in the United States in compliance with Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") and to non-U.S. persons outside the United States in compliance with Regulation S under the Securities Act.  

The notes being offered have not been registered under the Securities Act, or applicable state securities laws or blue sky laws, and may not be offered or sold in the United States absent registration under the Securities Act and applicable state securities laws or available exemptions from such registration requirements. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy the notes, said the company.