Station Casinos gives partial redemption notice for 5% notes due 2025

Chicago, Jan. 21 – Station Casinos LLC issued a conditional notice of partial redemption for its 5% senior notes due 2025.

The company expects to redeem $250 million of the notes, subject to the satisfaction of some conditions.

The redemption will be funded from cash on hand and borrowings under the company’s revolver to pay the redemption premium, accrued interest and any fees or expenses related to the redemption.

Red Rock Resorts, Inc. owns a majority indirect equity interest and manages the Las Vegas-based casino gaming company.

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