Golden Entertainment Terminates Material Definitive Agreement
Ticker: GDEN · Form: 8-K · Filed: Apr 16, 2024 · CIK: 1071255
Sentiment: neutral
Topics: agreement-termination, definitive-agreement
TL;DR
Golden Entertainment just terminated a big deal, watch this space.
AI Summary
Golden Entertainment, Inc. announced on April 15, 2024, the termination of a material definitive agreement. The company, formerly known as Lakes Entertainment Inc. and Lakes Gaming Inc., is based in Las Vegas, Nevada.
Why It Matters
The termination of a material definitive agreement can significantly impact a company's financial standing and future strategic direction.
Risk Assessment
Risk Level: medium — Termination of a material definitive agreement often signals significant business changes or challenges that could affect the company's performance.
Key Players & Entities
- GOLDEN ENTERTAINMENT, INC. (company) — Registrant
- LAKES ENTERTAINMENT INC (company) — Former Company Name
- LAKES GAMING INC (company) — Former Company Name
- April 15, 2024 (date) — Date of earliest event reported
FAQ
What specific material definitive agreement was terminated by Golden Entertainment, Inc.?
The filing states that a material definitive agreement was terminated, but does not specify which agreement.
When did the termination of the material definitive agreement become effective?
The earliest event reported is April 15, 2024, which is also the date of the report.
What is the principal executive office address for Golden Entertainment, Inc.?
The principal executive offices are located at 6595 S Jones Boulevard, Las Vegas, Nevada 89118.
What is Golden Entertainment, Inc.'s IRS Employer Identification Number?
The IRS Employer Identification Number for Golden Entertainment, Inc. is 41-1913991.
Has Golden Entertainment, Inc. undergone any previous name changes?
Yes, the company was formerly known as LAKES ENTERTAINMENT INC (name change effective August 6, 2002) and prior to that, LAKES GAMING INC (name change effective September 29, 1998).
Filing Stats: 541 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-04-16 17:04:21
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value GDEN The Nasdaq Stock Market
- $287 m — to the Trustee under the Indenture was $287 million, which includes principal and int
Filing Documents
- gden-20240415.htm (8-K) — 25KB
- 0001071255-24-000054.txt ( ) — 145KB
- gden-20240415.xsd (EX-101.SCH) — 2KB
- gden-20240415_lab.xml (EX-101.LAB) — 21KB
- gden-20240415_pre.xml (EX-101.PRE) — 12KB
- gden-20240415_htm.xml (XML) — 3KB
02 Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement. On April 15, 2024, Golden Entertainment, Inc. (the "Company") redeemed and repaid in full all of its 7.625% Senior Unsecured Notes due April 15, 2026 ("2026 Unsecured Notes"), issued as of April 15, 2019 (as amended, supplemented or otherwise modified, the "Indenture"), by and between the Company, the guarantors party thereto and Wilmington Trust, National Association, a national banking association, as trustee (the "Trustee"). The Company's payment to the Trustee under the Indenture was $287 million, which includes principal and interest and satisfies all of the Company's obligations under the 2026 Unsecured Notes. The material terms of the Indenture are described in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, filed with the Securities and Exchange Commission (the "SEC") on February 29, 2024. The foregoing summary of the Indenture does not purport to be complete and is subject to, and qualified in its entirety by reference to the Indenture, which was filed as Exhibit 4.1 to the Company's Form 10-Q filed with the SEC on May 10, 2019 and is incorporated herein by reference.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GOLDEN ENTERTAINMENT, INC. ( Registrant ) Dated: April 16, 2024 /s/ Charles H. Protell Name: Charles H. Protell Title: President and Chief Financial Officer