Boyd Gaming plans to redeem 6 7/8% notes due 2023 via new notes

By Sarah Lizee

Olympia, Wash., Nov. 18 – Boyd Gaming Corp. plans to redeem all of its outstanding 6 7/8% senior notes due 2023 with proceeds from a new offering of notes, according to a press release.

The company announced Monday that it plans to price a $750 million offering of senior notes due 2027.

Borrowings under the company’s revolving credit facility will be used to repay the redemption premium and accrued interest.

Boyd is a Las Vegas-based gaming and hospitality company.

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