Boyd Gaming Secures Amended $1.25 Billion Credit Agreement with Bank of America and Lenders
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Boyd Gaming Corporation has secured an Amended and Restated Credit Agreement worth $1.25 billion with Bank of America and other lenders. This agreement updates a previous credit agreement from March 2022 and includes financial covenants such as maintaining specific interest coverage and leverage ratios. It restricts additional debt, asset sales, and certain payments. The company may need to repay amounts under certain conditions, and the agreement allows for penalty-free prepayment.
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