EFTA Document EFTA01385365

3 January 2018 HY Corporate Credit HY Multi Sector.Media. Cable & Satellite flow of $251 million in 2018. Using our projected total debt of $4.36 billion, we estimate Golden Nugget will end the year with leverage of 7.4x. Factoring consolidated cash of $167 million, we estimate net leverage at 7.2x. For 2018, we are projecting Golden Nugget will generate Adjusted EBITDA of $640 million (+9.5% versus S585 million) on revenues of $3.48 billion (+3.5% versus $3.37 billion). Factoring capita