Friday, Jan. 17, 2003 | 11:05 a.m.
Las Vegas-based casino operator Boyd Gaming Corp. has completed a tender offer to purchase for cash its $250 million principal amount of senior subordinated notes due in 2007.
The notes carry an interest rate of 9.5 percent.
The offer was funded from proceeds from the company's recently completed private placement of $300 million senior subordinated notes due in 2012 at a rate of 7.75 percent.
Boyd said it may also acquire notes through open market purchases, privately negotiated transactions or other methods from time to time.
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