secwatch.observer — SEC 8-K summary
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Issuer:     Red Rock Resorts, Inc. (RRR)
CIK:        0001653653
Form:       8-K
Filed at:   2021-11-10T23:59:59+00:00
Accession:  0001193125-21-325419
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Red Rock Resorts launches $350M tender offer, $3 special dividend; Station Casinos plans $500M notes offering
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- Modified Dutch Auction tender to buy up to $350M of Class A common stock at $46-$53 per share; expires Dec 9, 2021.
- Special cash dividend of $3.00 per share with Nov 23 record date and Dec 22 payment date; tendered shares also eligible.
- Subsidiary Station Casinos LLC intends to offer $500M aggregate principal of senior notes due 2031 in private placement.
- Proceeds from notes and revolver borrowings will fund ~$344M distribution to parent RRR and help pay for share tender costs.
- Closing price on Nov 9 was $48.99; tender offer price range brackets that level.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1653653/000119312521325419/0001193125-21-325419-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1653653/000119312521325419/d232477d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-325419

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