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Red Rock Resorts’ Station Casinos calls 5% senior notes due 2025
By Marisa Wong
Los Angeles, Sept. 30 – Red Rock Resorts, Inc. announced that Station Casinos LLC issued a notice of redemption for its 5% senior notes due 2025, according to a press release.
The company anticipates that $280,333,000 principal amount of senior notes will be redeemed.
Station Casinos intends to use cash on hand and borrowings under its revolving credit facility to pay the redemption premium, accrued interest and any fees or expenses related to the redemption.
Red Rock Resorts is a holding company that owns an indirect equity interest in and manages Station Casinos. Station Casinos is a Las Vegas gaming and entertainment company.
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