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PR Newswire·

Station Casinos LLC Announces Closing of $500 Million Incremental Term B Loan

  • Station Casinos LLC, a subsidiary of Red Rock Resorts Inc., entered an incremental joinder agreement for $500 million in term B loans.
  • The new Incremental Term B Loans are fungible with existing term B loans & share identical terms including maturity.
  • Interest on the new loans is set at Term SOFR plus 2.00% per annum.
  • Proceeds will be used to repay revolving credit facility borrowings, pay related fees & expenses, & for general corporate purposes.
  • The press release includes forward-looking statement disclaimers regarding intended use of proceeds & potential material differences in actual results.
  • Station Casinos operates multiple regional gaming & entertainment properties throughout the Las Vegas valley.
  • Red Rock Resorts Inc. is the parent holding company that manages Station Casinos.
  • Investor & media contact details for Stephen L. Cootey & Michael J. Britt were provided for further inquiries.