secwatch.observer — SEC 8-K summary
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Issuer:     Red Rock Resorts, Inc. (RRR)
CIK:        0001653653
Form:       8-K
Filed at:   2021-11-26T23:59:59+00:00
Accession:  0001193125-21-340973
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1653653/000119312521340973/0001193125-21-340973-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1653653/000119312521340973/d237424d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-340973

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