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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2018
Line of Credit Facility [Line Items]  
Schedule of Extinguishment of Debt [Table Text Block]
The components of the loss on early extinguishments and modifications of debt, are as follows:
 
Year Ended December 31,
(In thousands)
2018
 
2017
 
2016
Boyd Gaming Credit Facility deferred finance charges
$
61

 
$
1,086

 
$
6,629

Amendment No.2 and Refinancing Amendment

 
496

 

9.00% Senior Notes premium and consent fees

 

 
15,750

9.00% Senior Notes deferred finance charges

 

 
5,976

8.375% Senior Notes deferred finance charges

 

 
4,497

Peninsula Credit Facility deferred finance charges

 

 
9,512

Total loss on early extinguishments and modifications of debt
$
61

 
$
1,582

 
$
42,364

Schedule of Long-term Debt Instruments
Long-term debt, net of current maturities and debt issuance costs consists of the following:
 
 
 
December 31, 2018
 
Interest
 
 
 
 
 
Unamortized
 
 
 
Rates at
 
Outstanding
 
Unamortized
 
Origination
 
Long-Term
(In thousands)
Dec. 31, 2018
 
Principal
 
Discount
 
Fees and Costs
 
Debt, Net
Bank credit facility
4.651
%
 
$
1,771,330

 
$
(1,286
)
 
$
(21,515
)
 
$
1,748,529

6.875% senior notes due 2023
6.875
%
 
750,000

 

 
(7,701
)
 
742,299

6.375% senior notes due 2026
6.375
%
 
750,000

 

 
(9,594
)
 
740,406

6.000% senior notes due 2026
6.000
%
 
700,000

 

 
(10,639
)
 
689,361

Other
11.010
%
 
58,705

 

 

 
58,705

Total long-term debt
 
 
4,030,035


(1,286
)

(49,449
)

3,979,300

Less current maturities
 
 
24,181

 

 

 
24,181

Long-term debt, net
 
 
$
4,005,854


$
(1,286
)

$
(49,449
)

$
3,955,119


 
 
 
December 31, 2017
 
Interest
 
 
 
 
 
Unamortized
 
 
 
Rates at
 
Outstanding
 
Unamortized
 
Origination
 
Long-Term
(In thousands)
Dec. 31, 2017
 
Principal
 
Discount
 
Fees and Costs
 
Debt, Net
Bank credit facility
3.882
%
 
$
1,621,054

 
$
(1,556
)
 
$
(23,795
)
 
$
1,595,703

6.875% senior notes due 2023
6.875
%
 
750,000

 

 
(9,455
)
 
740,545

6.375% senior notes due 2026
6.375
%
 
750,000

 

 
(10,872
)
 
739,128

Other
5.800
%
 
504

 

 

 
504

Total long-term debt
 
 
3,121,558

 
(1,556
)
 
(44,122
)
 
3,075,880

Less current maturities
 
 
23,981

 

 

 
23,981

Long-term debt, net
 
 
$
3,097,577

 
$
(1,556
)
 
$
(44,122
)
 
$
3,051,899


Schedule of Line of Credit Facilities
The outstanding principal amounts under the Credit Facility are comprised of the following:
 
December 31,
(In thousands)
2018
 
2017
Revolving Credit Facility
$
320,000

 
$
170,000

Term A Loan
248,351

 
210,938

Refinancing Term B Loans
1,152,679

 
1,170,016

Swing Loan
50,300

 
70,100

Total outstanding principal amounts
$
1,771,330

 
$
1,621,054


The Refinancing Term B Loans mature on September 15, 2023 (or earlier upon occurrence or non-occurrence of certain events). The Revolving Credit Facility and the Term A Loan mature on September 15, 2021 (or earlier upon occurrence or non-occurrence of certain events).

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 Credit Facility:
 
Maximum Total
For the Trailing Four Quarters Ending
Leverage Ratio
March 31, 2018 through December 31, 2018
6.25
to
1.00
March 31, 2019 through December 31, 2019
6.00
to
1.00
March 31, 2020 through December 31, 2020
5.75
to
1.00
March 31, 2021 and thereafter
5.50
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 Credit Facility:
 
Maximum Secured
For the Trailing Four Quarters Ending
Leverage Ratio
March 31, 2018 through December 31, 2018
4.00
to
1.00
March 31, 2019 through December 31, 2019
3.75
to
1.00
March 31, 2020 and thereafter
3.50
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)
Total
For the year ending December 31,
 
2019
$
24,181

2020
24,316

2021
609,011

2022
12,744

2023
1,852,099

Thereafter
1,507,684

Total outstanding principal of long-term debt
$
4,030,035