Red Rock Resorts unit Station Casinos closes $500 million incremental term B loan
RRR•Station Casinos, a Red Rock Resorts subsidiary, closed $500 million in incremental term B loans. The loans bear interest at Term SOFR plus 2% annually, and proceeds will repay revolving credit borrowings, cover fees and expenses, and fund general corporate purposes.
1. Loan terms and use
Station Casinos closed $500 million in incremental term B loans bearing interest at Term SOFR plus 2% annually. The loans share the terms of its existing term B loans, including maturity. Proceeds will repay revolving credit facility borrowings, cover related fees and expenses, and fund general corporate purposes.
