secwatch.observer — SEC 8-K summary
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Issuer:     Red Rock Resorts, Inc. (RRR)
CIK:        0001653653
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001193125-24-067880
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Station Casinos LLC issues $500M 6.625% senior notes and $1.57B term loan to refinance existing debt
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- Station Casinos LLC (Red Rock Resorts subsidiary) issued $500M aggregate principal of 6.625% Senior Notes due 2032.
- Entered $1.57B new Term B loan facility and $1.1B new revolving credit facility under amended credit agreement.
- Proceeds used to refinance all existing loans under 2016 credit agreement and pay fees/costs.
- Notes are senior unsecured, callable from March 2027 at 103.313% declining to par in 2029.
- New revolving facility matures March 2029; term loan matures March 2031; secured net leverage covenant at 5.00x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1653653/000119312524067880/0001193125-24-067880-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1653653/000119312524067880/d806794d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-067880

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