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Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2015
Line of Credit Facility [Line Items]  
Schedule of Long-term Debt Instruments
Long-term debt, net of current maturities and debt issuance costs consists of the following:
 
 
 
December 31, 2015
 
Interest
 
 
 
 
 
Unamortized
 
 
 
Rates at
 
Outstanding
 
Unamortized
 
Origination
 
Long-Term
(In thousands)
Dec. 31, 2015
 
Principal
 
Discount
 
Fees and Costs
 
Debt, Net
Boyd Gaming Corporation Debt:
 
 
 
 
 
 
 
 
 
Bank credit facility
3.75
%
 
$
1,209,725

 
$
(2,702
)
 
$
(9,746
)
 
$
1,197,277

9.00% senior notes due 2020
9.00
%
 
350,000

 
—

 
(7,044
)
 
$
342,956

6.875% senior notes due 2023
6.88
%
 
750,000

 
—

 
(12,934
)
 
$
737,066

 
 
 
2,309,725

 
(2,702
)
 
(29,724
)
 
2,277,299

 
 
 
 
 
 
 
 
 
 
Peninsula Segment Debt:
 
 
 
 
 
 
 
 
 
Bank credit facility
4.25
%
 
662,750

 
—

 
(14,143
)
 
648,607

8.375% senior notes due 2018
8.38
%
 
350,000

 
—

 
(6,357
)
 
343,643

 
 
 
1,012,750

 
—

 
(20,500
)
 
992,250

Total long-term debt
 
 
3,322,475


(2,702
)

(50,224
)

3,269,549

Less current maturities
 
 
29,750

 
—

 
—

 
29,750

Long-term debt, net
 
 
$
3,292,725


$
(2,702
)

$
(50,224
)

$
3,239,799


 
 
 
December 31, 2014
 
Interest
 
 
 
 
 
Unamortized
 
 
 
Rates at
 
Outstanding
 
Unamortized
 
Origination
 
Long-Term
(In thousands)
Dec. 31, 2014
 
Principal
 
Discount
 
Fees and Costs
 
Debt, Net
Boyd Gaming Corporation Debt:
 
 
 
 
 
 
 
 
 
Bank credit facility
3.66
%
 
$
1,387,425

 
$
(3,589
)
 
$
(14,660
)
 
$
1,369,176

9.125% senior notes due 2018
9.13
%
 
500,000

 
—

 
(12,235
)
 
487,765

9.00% senior notes due 2020
9.00
%
 
350,000

 
—

 
(1,926
)
 
348,074

HoldCo Note
8.00
%
 
151,740

 
(11,743
)
 
(29
)
 
139,968

 
 
 
2,389,165

 
(15,332
)
 
(28,850
)
 
2,344,983

 
 
 
 
 
 
 
 
 
 
Peninsula Segment Debt:
 
 
 
 
 
 
 
 
 
Bank credit facility
4.25
%
 
742,400

 
—

 
(23,593
)
 
718,807

8.375% senior notes due 2018
8.38
%
 
350,000

 
—

 
(8,942
)
 
341,058

Other
various

 
3

 
—

 
—

 
3

 
 
 
1,092,403

 
—

 
(32,535
)
 
1,059,868

Total long-term debt
 
 
3,481,568

 
(15,332
)
 
(61,385
)
 
3,404,851

Less current maturities
 
 
29,753

 
—

 
—

 
29,753

Long-term debt, net
 
 
$
3,451,815

 
$
(15,332
)
 
$
(61,385
)
 
$
3,375,098
Schedule of Line of Credit Facilities
The outstanding principal amounts under the Boyd Gaming Credit Facility are comprised of the following:
 
December 31,
(In thousands)
2015
 
2014
Revolving Credit Facility
$
240,000

 
$
300,000

Term A Loan
183,275

 
221,375

Term B Loan
730,750

 
840,750

Swing Loan
55,700

 
25,300

Total outstanding principal amounts under the Boyd Gaming Credit Facility
$
1,209,725

 
$
1,387,425
Maximum Total Leverage Ratio
The maximum permitted consolidated Total Leverage Ratio is calculated as Consolidated Funded Indebtedness to twelve-month trailing Consolidated EBITDA, as defined by the Agreement. The following table provides our maximum Total Leverage Ratio during the remaining term of the Boyd Gaming Credit Facility:
 
Maximum Total
For the Trailing Four Quarters Ending
Leverage Ratio
March 31, 2016 through December 31, 2016
8.25
to
1.00
March 31, 2017 through December 31, 2017
8.00
to
1.00
March 31, 2018 and thereafter
7.75
to
1.00
Maximum Secured Leverage Ratio
The maximum permitted Secured Leverage Ratio is calculated as Secured Indebtedness to twelve-month trailing Consolidated EBITDA, as defined by the Agreement. The following table provides our maximum Secured Leverage Ratio during the remaining term of the Boyd Gaming Credit Facility:
 
Maximum Secured
For the Trailing Four Quarters Ending
Leverage Ratio
March 31, 2015 through December 31, 2016
4.75
to
1.00
March 31, 2017 through December 31, 2017
4.50
to
1.00
March 31, 2018 and thereafter
4.25
to
1.00
Maximum Consolidated Leverage Ratio
The following table provides our maximum Consolidated Leverage Ratio during the remaining term of the Peninsula Credit Facility:
 
Maximum Consolidated
For the Trailing Four Quarters Ending
Leverage Ratio
March 31, 2016 through June 30, 2016
6.00
to
1.00
September 30, 2016 through December 31, 2016
5.75
to
1.00
March 31, 2107 through June 30, 2017
5.50
to
1.00
September 30, 2017 and thereafter
5.25
to
1.00
Schedule of Maturities of Long-term Debt
The scheduled maturities of long-term debt, as discussed above, are as follows:
(In thousands)
Boyd Gaming
 
Peninsula Segment
 
Total
For the year ending December 31,
 
 
 
 
 
2016
$
21,500

 
$
8,250

 
$
29,750

2017
21,500

 
654,500

 
676,000

2018
462,975

 
350,000

 
812,975

2019
9,000

 
—

 
9,000

2020
1,044,750

 
—

 
1,044,750

Thereafter
750,000

 
—

 
750,000

Total outstanding principal of long-term debt
$
2,309,725

 
$
1,012,750

 
$
3,322,475