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An announcement from Boyd Gaming ( (BYD) ) is now available.
On January 21, 2026, Boyd Gaming Corporation entered into an amended and restated credit agreement that replaces its March 2, 2022 facility and establishes a $1.45 billion senior secured revolving credit facility and a $1.2 billion senior secured delayed-draw term A loan facility, both maturing five years from the closing date. The new financing, which refinances all obligations under the prior agreement and can also be used for working capital and general corporate purposes, introduces flexible borrowing features, including an accordion option for substantial additional commitments, leverage-based pricing tied to SOFR or a base rate, and covenants on leverage, interest coverage, indebtedness, asset sales, and capital allocation; collectively, these terms enhance Boyd Gaming’s liquidity and financial flexibility while imposing leverage and coverage constraints that are significant for lenders, bondholders and other stakeholders.
The most recent analyst rating on (BYD) stock is a Hold with a $87.00 price target. To see the full list of analyst forecasts on Boyd Gaming stock, see the BYD Stock Forecast page.
Spark’s Take on BYD Stock
According to Spark, TipRanks’ AI Analyst, BYD is a Outperform.
The score is driven by strong valuation (very low P/E) and a favorable technical setup (price above key moving averages with positive momentum). Financial performance is solid but capped by concerns about unusually high TTM profitability and weaker recent free cash flow/cash conversion. Earnings call tone was positive with raised Online guidance and strong shareholder returns, partially offset by destination-business softness.
To see Spark’s full report on BYD stock, click here.
More about Boyd Gaming
Boyd Gaming Corporation operates in the gaming and hospitality industry, owning and managing casinos and related entertainment properties through various subsidiaries. The company’s operations typically encompass gaming, hotel, food and beverage, and related leisure services in regional and destination markets across the United States.
Average Trading Volume: 893,638
Technical Sentiment Signal: Buy
Current Market Cap: $6.93B
For an in-depth examination of BYD stock, go to TipRanks’ Overview page.