Boyd Gaming Corp SEC Filings

Boyd Gaming Corporation entered into an Amended and Restated Credit Agreement providing a $1,450.0 million senior secured revolving credit facility and a $1,200.0 million senior secured term A delayed draw loan facility. Both facilities mature on the fifth anniversary of January 21, 2026, with Term A Loans drawable in up to four borrowings until July 1, 2027. Proceeds were used to refinance the prior credit agreement, pay related transaction costs, and may fund working capital and other general corporate purposes.

The agreement includes an accordion feature allowing additional revolving or term loan commitments based on a formula tied to Consolidated EBITDA, certain prepayments, and a first lien leverage test. Term A Loans amortize at 5.00% of original principal annually, and excess cash flow prepayments apply if leverage exceeds set thresholds. Borrowings bear interest at SOFR- or base rate-based pricing plus a margin determined by the company’s Consolidated Total Net Leverage Ratio, and are subject to financial covenants on leverage and interest coverage and restrictions on additional debt, liens, asset sales, investments, and dividends.

Boyd Gaming Corporation reported an equity compensation grant to its Chief Administrative Officer, Stephen S. Thompson. On 01/05/2026, Thompson received 1,375 Career Restricted Stock Units for no cash consideration under Boyd Gaming’s 2020 Stock Incentive Plan and its Career Shares Program.

Each Career Restricted Stock Unit represents a contingent right to receive one share of Boyd Gaming common stock. According to the terms described, these units generally will be paid out in common shares at the time of retirement, with the payout level determined by the grantee’s attained age and years of continuous service at retirement. Following this grant, Thompson beneficially owns 1,375 derivative securities representing underlying common shares, all held directly.

Boyd Gaming Corporation granted equity-based compensation to a senior executive. On 01/05/2026, General Counsel & Secretary Uri Clinton received an award of 1,218 Career Restricted Stock Units under Boyd Gaming’s 2020 Stock Incentive Plan. These units were granted for no cash consideration and each unit represents a contingent right to receive one share of Boyd Gaming common stock.

The Career Restricted Stock Units are designed as long-term retirement-focused compensation. According to the terms described, they will generally be paid out in shares of common stock at the time of retirement, with the actual level of payout determined by the grantee’s attained age and years of continuous service at retirement. Following this award, Clinton beneficially owns 1,218 of these derivative securities directly.

Boyd Gaming Corporation reported that its CFO & Treasurer, Josh Hirsberg, received a grant of 1,610 Career Restricted Stock Units on January 5, 2026. These units were granted for no cash consideration under the company’s 2020 Stock Incentive Plan as part of its Career Shares Program.

Each Career Restricted Stock Unit represents a contingent right to receive one share of Boyd Gaming common stock. The units are generally paid out in shares of common stock at the time of retirement, with the final level determined by the grantee’s age and years of continuous service at retirement. Following this grant, Hirsberg beneficially owns 1,610 Career Restricted Stock Units directly.

Boyd Gaming Corp director and 10% owner Marianne Boyd Johnson received an award of 618 Career Restricted Stock Units on January 5, 2026. The units were granted for no cash consideration under the company’s 2020 Stock Incentive Plan as part of its Career Shares Program.

Each Career Restricted Stock Unit represents a contingent right to receive one share of Boyd Gaming common stock. The units are generally paid out in shares at the time of retirement, with the payout level based on the grantee’s attained age and years of continuous service at retirement. Following this grant, Johnson beneficially owns 618 derivative securities directly.

Boyd Gaming Corp granted its President and CEO, Keith Smith, 3,220 Career Restricted Stock Units on January 5, 2026. These derivative awards were given for no cash consideration under the company’s 2020 Stock Incentive Plan as part of its Career Shares Program.

Each Career Restricted Stock Unit represents a contingent right to receive one share of Boyd Gaming common stock. The units are generally scheduled to be paid out in shares at the time of the executive’s retirement, with the final payout level determined by the grantee’s attained age and years of continuous service at retirement.

Boyd Gaming Corp. filed an exit Form 4 noting that Chief Operating Officer Ted Bogich is no longer serving as an officer of the company effective December 31, 2025. The filing shows that he beneficially owns 45,116 shares of Boyd Gaming common stock in direct ownership following the reported status change. The form is filed by one reporting person and does not report any new stock transactions, focusing instead on documenting the end of his officer role.

Boyd Gaming Corporation entered into agreements in December 2025 to purchase renewable energy investment tax credits (ITCs) to help reduce the economic cost of its 2025 federal income tax obligations. The ITC Purchase Agreements cover ITCs generated by developers of various renewable energy and storage projects under Sections 48 and 48E of the Internal Revenue Code, in aggregate amounts not to exceed approximately $465 million.

The company is indemnified for losses if the ITCs are not effectively transferred or are determined to be invalid, subject to customary limits. Boyd Gaming’s payment obligations are subject to customary conditions, and either party may terminate if the transfer-related actions with the Internal Revenue Service are not completed by September 15, 2026.

Boyd Gaming Corporation announced that its Board of Directors has declared a regular cash dividend of $0.18 per share. This dividend will be paid on January 15, 2026 to shareholders who are on record as owning the company’s common stock as of December 15, 2025. The announcement confirms Boyd Gaming’s ongoing practice of returning cash to shareholders through dividends, giving investors a clear view of the near-term income they can expect from holding the stock.