Station Casinos issues $500M 4.625% notes due 2031 for distribution and buyback

Red Rock Resorts, Inc.

Station Casinos LLC issued $500M aggregate principal of 4.625% Senior Notes due 2031 on Nov 26, 2021.
Interest payable semi-annually on June 1 and Dec 1, starting June 1, 2022; notes are senior unsecured obligations.
Net proceeds, along with revolver borrowings, will fund a $344M distribution to LLC interest holders and up to $350M share buyback.
Change of control triggers repurchase offer at 101% of principal; asset sale triggers repurchase at 100%.
Covenants restrict dividends, additional debt, liens, asset sales, mergers, and affiliate transactions.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.