Boyd Gaming enters $1.45 billion revolver and $1.2 billion term loan credit agreement
Boyd Gaming entered an amended and restated credit agreement on January 21, 2026, replacing its March 2, 2022 credit agreement. The new facilities provide a $1,450.0 million senior secured revolving credit facility and a $1,200.0 million senior secured term A loan delayed draw facility, with proceeds used to refinance the prior agreement and pay transaction costs.
Key points
- Revolving credit facility of $1,450.0 million and term A loan delayed draw facility of $1,200.0 million, both maturing on the fifth anniversary of the closing date
- Proceeds used to refinance all outstanding obligations under the Prior Credit Agreement and to fund transaction costs
- Term A Loans available to be drawn until July 1, 2027; borrowing availability reduced by the greater of prior Term A Loans and $400.0 million on February 1, 2026
- Interest rates range from SOFR plus 1.25% to 2.25%, with covenants including minimum interest coverage and maximum net leverage ratios
The filing
Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 21, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.