Illegal Activity
none
Blackmail
none
Date
3 January 2018
Document Type
report
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:43
Summary
This report initiates coverage on EVRI's and Golden Nugget's senior unsecured notes, providing financial forecasts for 2017 and 2018, and recommending a 'Buy' rating based on the potential for strong total return. The report also highlights potential downside risks and expectations for free cash flow usage.
Metadata
- Subject
- HY Corporate Credit, HY Multi Sector.Media. Cable & Satellite
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0086648
- Date
- 3 January 2018
Relationships 1
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Golden Nugget | Subsidiary/Parent | Parent | Distribution made to the Parent resulted in higher leverage |
Notable Quotes 2
"With this report we are initiating coverage on the 7.5% Senior Unsecured Notes due 2025 ($99.3, 7.6% Y1W, 524bps STVV) with a Buy rating given our belief that these notes offer investors a strong total return opportunity versus the DB HY Gaming Index, currently trading at 4.6%."
"We continue to expect the company will generate meaningful free cash flow that should be used primarily for debt repayment."
Financial Information
Amounts:$99.37.5%7.6%4.6%$213 million$198 million$963 million$859 million$112 million$85 millionS2 million$14 million$1.19 billion$35 million5.6x5.4x$225 million$1.0 billion$100 million$65 million$59 millionS1.13 billion5.0x4.9x$585 million$559 million$3.37 billion$3.13 billion$183 million$137 millionS15 million$101.96.75%6.2%$105.18.75%7.5%
Assets:
- Senior Unsecured Notes
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowBusiness dealings
Organizations 4
Deutsche Bank Securities Inc.EVRIGolden NuggetEvert Holdings
Text Analysis
- Tone
- Professional
- Purpose
- To initiate coverage on the 7.5% Senior Unsecured Notes due 2025 of EVRI and Golden Nugget's 6.75% and 8.75% Senior Unsecured Notes, providing financial forecasts and investment recommendations.
- Significance
- Provides financial analysis and investment recommendations for EVRI and Golden Nugget's senior unsecured notes.
File Info
- File Name
- EFTA01385364.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:43:46.545688
- DOJ Source
- View on DOJ