“Boyd Gaming has significant availability and flexibility under its revolving credit facility to consummate the proposed transaction,” Boyd’s filing said. sent another message today that it intends to be a serious player in Station Casinos’ bankruptcy by offering $2.45 billion for most of the company.īoyd is offering $2.45 billion in cash and assumed debt for all 18 of Station’s casinos, some land and other assets, according to a filing with the Securities and Exchange Commission.īarbara Cappaert, a bond analyst with KDP Investment Advisors, said in a note to investors that the bid could force Station Casinos’ owners, the Fertitta family and real estate investment firm Colony Capital, to submit a strong restructuring plan or to sell the company.īoyd’s offer would be partially financed through the $2 billion remaining on Boyd’s $4 billion credit facility, and a possible new debt issue, Cappaert said.
