Attached files
| file | filename |
|---|---|
| 8-K - 8-K - BOYD GAMING CORP | form8-kredemptionof675note.htm |
Exhibit 99.1
Financial Contact:
Josh Hirsberg
(702) 792-7234
joshhirsberg@boydgaming.com
Media Contact:
David Strow
(702) 792-7386
davidstrow@boydgaming.com
BOYD GAMING ANNOUNCES REDEMPTION OF $150,000,000 PRINCIPAL AMOUNT OF OUTSTANDING 6.75% SENIOR SUBORDINATED NOTES DUE 2014
LAS VEGAS – MARCH 7, 2013 — Boyd Gaming Corporation (NYSE: BYD) announced today that it has notified the trustee for its 6.75% Senior Subordinated Notes due 2014 that on April 6, 2013 it will redeem $150,000,000 of its outstanding 6.75% Senior Subordinated Notes due 2014 at a redemption price of 100.000% plus accrued and unpaid interest to the redemption date, April 6, 2013, subject to the right of holders of record on April 1, 2013 to receive accrued and unpaid interest on the redemption date.
The 6.75% Senior Subordinated Notes will be selected for redemption by The Depository Trust Company applicable procedures unless otherwise required by law or applicable stock exchange requirements. From and after April 6, 2013, interest on the 6.75% Senior Subordinated Notes that are redeemed shall cease to accrue.
A notice of redemption containing information required by the terms of the indenture governing the 6.75% Senior Subordinated Notes due 2014 will be mailed to noteholders. The address of the paying agent for purposes of surrendering notes in connection with the redemption is:
Registered/Certified Mail: Air Courier: In Person:
Wells Fargo Bank N.A. Wells Fargo Bank N.A. Wells Fargo Bank
Corporate Trust Operations Corporate Trust Operations Northstar East Building
PO Box 1517 N9303-121 608 2nd Ave So., 12th Fl.
Minneapolis, MN 55480-1517 Sixth & Marquette Ave. Minneapolis, MN 55479
Minneapolis, MN 55479
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 information regarding the Company's expectations, goals or intentions regarding the future, including but not limited to statements regarding the Company's redemption of outstanding indebtedness. Forward-looking statements involve certain risks and uncertainties, and actual results may differ materially from those discussed in any such statement. Factors that could cause actual results to differ are discussed under the heading "Risk Factors" and in other sections of the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q on file with the Securities and Exchange Commission, and in its other current and periodic reports filed from time to time with the Commission. All forward-looking statements in this press release 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.