Boyd Gaming Corporation BYD
(the "Company") today announced that it is offering 15,000,000 shares of its
common stock in an underwritten registered public offering. In connection
with this offering, the Company will grant the underwriters a 30-day option
to purchase up to an additional 2,250,000 shares of common stock.
The Company intends to use the net proceeds from the offering to redeem a
portion of the Company's 7.125% Senior Subordinated Notes due 2016 and for
general corporate purposes.
Deutsche Bank Securities and J.P. Morgan are acting as joint book-running
managers for the offering.
A registration statement relating to these securities was declared effective
by the Securities and Exchange Commission on July 3, 2012. This offering is
being made by the Company only by means of a written prospectus, including a
prospectus supplement, forming part of the effective registration statement.
Copies of the prospectus relating to the offering, when available, may be
obtained from the offices of Deutsche Bank Securities Inc., Attention:
Prospectus Group, 60 Wall Street, New York, NY 10005-2836, email:
prospectus.cpdg@db.com, or by telephone at (800) 503-4611; and J.P. Morgan
Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, or by telephone at (866) 803-9204.
This press release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities in any
state in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state.
Forward-Looking Statements
Except for historical information contained herein, the matters set forth in
this release are forward-looking statements. The forward-looking statements
set forth above involve a number of risks and uncertainties that could cause
actual results to differ materially from any such statement, including the
risks and uncertainties discussed in the Company's safe harbor compliance
statement for forward-looking statements included in the Company's recent
filings, including Forms 10-K, 10-Q and 8-K, with the Securities and
Exchange Commission. In particular, there can be no assurances that the
offering of the common stock will be consummated.
SOURCE Boyd Gaming Corporation
/CONTACT: Financial Contact: Josh Hirsberg, (702) 792-7234,
joshhirsberg@boydgaming.com; or Media Contact: David Strow, (702) 792-7386,
davidstrow@boydgaming.com
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