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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Bank of America Agents Boyd Gaming Facility Amendment, Increase to $2B
Tuesday, September 20, 2016
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Lenders/Participants
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Bank of America [Administrative Agent, L/C Issuer]
Wells Fargo Bank [Swing Line Lender]
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Structure
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Senior Secured Revolver; Term Loan A and New Term Loan B-2
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Amount
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$2.000
Billion
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Borrower(s)
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Boyd Gaming Corporation
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Description
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The Amended Credit Agreement provides for (i) increased commitments under the existing senior secured revolving credit facility (the “Revolving Credit Facility”) to an amount equal to $775.0 million, (ii) commitments under the existing senior secured term A loan (the “Term A Loan”) in an amount equal to $225.0 million, and (iii) a new $1.0 billion senior secured term B-2 loan (the “Term B-2 Loan”). The maturity dates of the Revolving Credit Facility and the Term A Loan have been extended to September 15, 2021 (or earlier upon the occurrence or non-occurrence of certain events); the Term B-2 Loan matures on September 15, 2023 (or earlier upon the occurrence or non-occurrence of certain events); the maturity date of the existing senior secured term B-1 loan (the “Term B-1 Loan”), under which $326,250,000 in aggregate principal is outstanding, remains August 14, 2020. The increase to the Term A Loan and the new Term B-2 Loan were fully funded on the effective date of the Amendment. Proceeds from the Amended Credit Agreement were used to refinance all outstanding obligations under the Existing Credit Agreement and to fund transaction costs in connection with the Amended Credit Agreement and may be used for working capital and other general corporate purposes.
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Industry
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Gaming
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| Related Tags |
Bank of America, Wells Fargo Bank
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ABL Advisor
Deal Tables
2025
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