Station Casinos prices $500M 4.625% senior notes due 2031

Red Rock Resorts, Inc.

$500M aggregate principal at 4.625% interest, issue price 100% of par, due 2031.
Offering expected to close on November 26, 2021, subject to customary conditions.
Net proceeds, plus revolver borrowings, to fund ~$344M distribution to LLC holders and up to $350M for RRR stock buyback.
Remaining proceeds allocated for transaction fees and general corporate purposes.

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