Boyd Gaming Announces Expiration and Final Results of Tender for 7.75% Senior Subordinated Notes Due 2012

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Nov 26, 2010, 09:00 ET

LAS VEGAS, Nov. 26, 2010 /PRNewswire-FirstCall/ -- Boyd Gaming Corporation (NYSE: BYD) today announced the expiration and final results of the Company's previously announced consent solicitation and tender offer for any and all of its outstanding 7.75% Senior Subordinated Notes due 2012 (the "Notes"). As of 5:00 p.m., New York City time, on November 24, 2010, the expiration date for the tender offer, approximately $92,078,000 aggregate principal amount of the outstanding Notes (approximately 58%, excluding any Notes held by the Company and its affiliates), were validly tendered (and not validly withdrawn). All of the Notes that were validly tendered (and not validly withdrawn) have been accepted for purchase by the Company.

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The Company engaged J.P. Morgan and BofA Merrill Lynch as Dealer Managers and Solicitation Agents for the offer to purchase and the consent solicitation. Persons with questions regarding the offer to purchase and the consent solicitation should contact J.P. Morgan at (800) 245-8812 (toll-free) or (212) 270-1200 (collect) or BofA Merrill Lynch at (888) 292-0070 (toll-free) or (980) 388-9217 (collect). Requests for documents should be directed to MacKenzie Partners, Inc., the Information Agent, at (800) 322-2885 (toll-free) or (212) 929-5500 (collect). The Depositary for the offer to purchase and the consent solicitation is Wells Fargo Bank, National Association. The Depositary can be contacted at (800) 344-5128 (toll-free).

This press release is for information purposes only and is not an offer to purchase, a solicitation of acceptance of the offer to purchase or a solicitation of a consent with respect to any of the Notes. The tender offer was made pursuant to the tender offer documents, including the offer to purchase and consent solicitation statement, which the Company distributed to holders of Notes.

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.

SOURCE Boyd Gaming Corporation