Station Casinos reduces interest margin on $1.54B term loan to SOFR+2.00%

Red Rock Resorts, Inc.

Amends existing $1.54B term B loan facility, reducing applicable margin to 2.00% (SOFR) or 1.00% (Base Rate).
Amendment effective December 18, 2024; non-consenting lenders replaced by JPMorgan Chase as replacement lender.
Repricing transaction fee of 1.0% applies to any repricing within six months of the amendment effective date.
Red Rock Resorts (RRR) is a guarantor; lower interest expense improves cash flow and net income.

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