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| BYD > SEC Filings for BYD > Form 8-K on 11-Mar-2013 | All Recent SEC Filings |
11-Mar-2013
Triggering Events That Accelerate or Increase a Direct Financial Obligation or a
On March 7, 2013, Boyd Gaming Corporation (the "Company") issued a notice of its election to redeem $150,000,000 of its 6.75% Senior Subordinated Notes due 2014 (the "Notes") outstanding on April 6, 2013. The redemption will be effected pursuant to the provisions of the Indenture, dated as of April 15, 2004 (the "Indenture"), between the Company and Wells Fargo Bank, National Association, as trustee (the "Trustee"), which governs the Notes. The Indenture is incorporated herein by reference to Exhibit 4.8 of the Company's Registration Statement on Form S-4 that was filed with the Securities and Exchange Commission (the "SEC") on June 10, 2004. The Trustee will act as paying agent with respect to the redemption of the Notes.
The Notes will be redeemed at a redemption price of 100.000% of their principal amount 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. As of December 31, 2012, there was approximately $215.7 million in aggregate principal amount of the Notes outstanding. The 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 press release issued by the Company announcing that it has called the redemption of the Notes is attached hereto as Exhibit 99.1, and is incorporated herein by reference.
(d) Exhibits Exhibit No. Description 99.1 Press release, dated March 7, 2013 |
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