debt
confidence high
sentiment neutral
materiality 0.50
Station Casinos prices $500M 6.625% Senior Notes due 2032, upsizes term loan to $1.57B
Red Rock Resorts, Inc.
- Station Casinos priced $500M 6.625% Senior Notes due 2032, down from $750M.
- Concurrent new $1.57B Term B Facility increased from $1.32B; $1.1B revolver also planned.
- Proceeds to refinance existing credit agreement, pay fees, and for general corporate purposes.
- Closing expected March 14, 2024, subject to customary conditions.