Boyd Gaming completes new bank credit facility

LAS VEGAS, Nevada -- (PRESS RELEASE) -- Boyd Gaming Corporation (NYSE: BYD) today announced that it has completed its new $4 billion revolving credit facility. The new bank line replaces the Company's existing credit facility. Boyd Gaming will use the proceeds to finance development initiatives and other general corporate purposes, and will benefit from reduced interest costs and greater financial flexibility.

Drawn pricing on the facility will be based upon the Company's total leverage ratio and range between LIBOR +62.5 bps and 162.5 bps, with initial pricing set at LIBOR +100 bps. The joint lead arrangers for the credit facility are Bank of America, Citi, Deutsche Bank, JP Morgan, Merrill Lynch, Wachovia and Wells Fargo.