Boyd Gaming (BYD) Closes $350M Senior Notes Offering

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Boyd Gaming Corporation (NYSE: BYD) announced the closing of the offering of $350 million aggregate principal amount of 8.375% senior notes due 2018 by Boyd Acquisition Sub, LLC, an indirect wholly-owned subsidiary of Boyd Gaming, and Boyd Acquisition Finance Corp., a direct wholly-owned subsidiary of Boyd Acquisition Sub, LLC. The notes were issued in connection with Boyd Gaming's previously announced acquisition of Peninsula Gaming, LLC ("Peninsula Gaming"). Boyd Gaming expects the acquisition to close in the fourth quarter of 2012. Upon consummation of the acquisition, Peninsula Gaming will assume all of the obligations with respect to the notes, with certain subsidiaries of Peninsula Gaming guaranteeing the obligations under the notes.

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