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Stock impact report

Station Casinos LLC Announces Pricing of Senior Notes Offering

Red Rock Resorts, Inc. - Class A (RRR) 
Last red rock resorts, inc. - class a earnings: 2/4 04:03 pm Check Earnings Report
Company Research Source: PR Newswire
LAS VEGAS, March 7, 2024 /PRNewswire/ -- Station Casinos LLC (the "Company"), a consolidated subsidiary of Red Rock Resorts, Inc. (NASDAQ: RRR), announced today it priced its previously announced offering of Senior Notes due 2032 (the "Notes") at an interest rate of  6.625% per annum and an issue price equal to 100% of the principal amount of the Notes. The offering is expected to close on or about March 14, 2024, subject to customary closing conditions. The aggregate principal amount of the Notes to be issued in the offering was decreased to $500.0 million from the previously announced $750.0 million.Concurrently with the issuance of the Notes, the Company expects to amend, amend and restate or refinance its Credit Agreement dated as of June 8, 2016, among the Company, the subsidiary guarantors party thereto, Deutsche Bank AG Cayman Islands Branch, as administrative agent and collateral agent, and the lenders party thereto (as amended, amended and restated, supplemented or otherwise Show less Read more
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