Boyd Gaming Corporation Announces Pricing Of Public Offering Of Common Stock

LAS VEGAS, Aug. 1, 2013 /PRNewswire/ -- Boyd Gaming Corporation (NYSE: BYD) (the "Company") today announced that it has priced a public offering of 16,500,000 shares of its common stock at $12.00 per share. In connection with this offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 2,475,000 shares of common stock. Total gross proceeds from the offerings will be approximately $198,000,000, exclusive of any proceeds attributable to the underwriters' possible exercise of their option to purchase additional securities. The closing of the public offering is expected to occur on or about August 7, 2013, subject to customary closing conditions.


The Company intends to use the net proceeds from the offering to redeem a portion of its 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: [email protected], 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

For further information: Financial Contact: Josh Hirsberg, +1-702-792-7234, [email protected], Media Contact: David Strow, +1-702-792-7386, [email protected]