Station Casinos borrows remaining $997.5 million under revolver

By Sarah Lizee

Olympia, Wash., March 26 – Station Casinos LLC borrowed the remaining $997.5 million available under its revolving credit facility on March 12, according to an 8-K filing with the Securities and Exchange Commission.

The draw was made in order to increase the company’s cash position and preserve financial flexibility in light of the uncertainty in the global markets.

The proceeds may in the future be used for working capital, general corporate or other permitted purposes.

Deutsche Bank AG Cayman Islands Branch is the administrative agent for the revolver.

Station Casinos is a Las Vegas-based casino gaming company.

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