KeyBank will provide a $9 million construction loan and a $2.3 million permanent loan. KeyBank Community Development Lending and Investment (CDLI) provided $11.3 million for 9% tax credit equity to finance the new construction of Garrett Square Apartments, a 49-unit affordable seniors housing project in the Glenville neighborhood of Cleveland, Ohio. The Company is headquartered in Las Vegas, Nevada. With one of the most experienced leadership teams in the casino industry, Boyd prides itself on offering its guests an outstanding entertainment experience, delivered with unwavering attention to customer service. Boyd is also a strategic partner and 5% equity owner of FanDuel Group, the nation’s leading sports-betting and iGaming operator. The Company owns and operates 28 gaming properties in ten states – Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. KBCM acted as Joint Lead Arranger and Co-Documentation Agent on the transaction.įounded in 1975, Boyd Gaming Corporation is one of the largest and most successful casino entertainment companies in the United States. Proceeds were used to refinance the Company’s existing debt, support ongoing working capital needs, and pay transaction related fees and expenses. The Credit Facilities are comprised of a $1.45 billion Revolving Credit Facility and a $880 million Term Loan A.

On March 2, 2022, KeyBanc Capital Markets (KBCM) successfully closed the syndication of $2.3 billion Senior Secured Credit Facilities (Credit Facilities) for Boyd Gaming Corporation (Boyd or the Company).

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