LAS VEGAS, June 5, 2015 /PRNewswire/ -- Boyd Gaming
Corporation (NYSE: BYD) today announced the expiration and final
results of the Company's previously announced tender offer and
consent solicitation for any and all of its outstanding 9.125%
Senior Notes due 2018 (the "Notes"). As of 5:00 p.m., New York
City time, on June 5, 2015,
the expiration date for the tender offer, approximately
$463.6 million aggregate principal
amount of the Notes (representing 92.7% of the Notes outstanding
immediately before the commencement of the tender offer), were
validly tendered (and not validly withdrawn). All of the
Notes that were validly tendered (and not validly withdrawn) were
accepted for purchase by the Company.
As previously announced, the Company will redeem, in full, all
Notes that were not tendered and accepted for purchase pursuant to
the terms of the tender offer, the aggregate principal amount of
which is approximately $36.4
million. The redemption price will be $1,045.63 per $1,000.00 principal amount of Notes plus accrued
and unpaid interest to the redemption date. A notice of redemption
containing information required by the terms of the indenture
governing the Notes was mailed to noteholders by the trustee for
the Notes on May 7, 2015.
This press release is for information purposes only and is not
an offer to purchase, a solicitation of acceptance of the offer to
purchase or a solicitation of a consent with respect to any of the
Notes. The tender offer was made pursuant to the tender offer
documents, including the offer to purchase and consent solicitation
statement, which the Company distributed to holders of Notes.
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Such statements include, without limitation,
statements regarding the Company's expectations, hopes or
intentions regarding the future. These forward-looking statements
can often be identified by the use of words such as "will",
"predict", "continue", "forecast", "expect", "believe",
"anticipate", "outlook", "could", "target", "project", "intend",
"plan", "seek", "estimate", "should", "may" and "assume", as well
as variations of such words and similar expressions referring to
the future, and may include (without limitation) statements
regarding the terms and conditions of the redemption.
Forward-looking statements involve certain risks and uncertainties,
and actual results may differ materially from those discussed in
each such statement. Factors that could cause actual results to
differ include (without limitation) the possibility that the
redemption will not be consummated at the expected timing, on the
expected terms, or at all; and the Company's financial
performance. Additional factors are discussed under the
heading "Risk Factors" in the Company's Quarterly Report on Form
10-Q for the quarterly period ended March
31, 2015, and in the Company's other current and periodic
reports filed from time to time with the Securities and Exchange
Commission. All forward-looking statements in this document are
made as of the date hereof, based on information available to the
Company as of the date hereof, and the Company assumes no
obligation to update any forward-looking statement.
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SOURCE Boyd Gaming Corporation