Station Casinos LLC Announces Closing of $500 Million Incremental Term B Loan
Key Highlights
- ➤Station Casinos closed $500 million of incremental Term B loans
- ➤Loans bear interest at Term SOFR plus 2.00% annually
- ➤Proceeds will repay revolving credit borrowings, fees and general corporate purposes
- ➤Incremental loans match existing Term B loan terms, including maturity
Station Casinos LLC Announces Closing of $500 Million Incremental Term B Loan PR Newswire
LAS VEGAS, Oct. 21, 2026 /PRNewswire/ -- Station Casinos LLC (the "Company" or "Station Casinos"), a consolidated subsidiary of Red Rock Resorts, Inc. (NASDAQ: RRR), announced today that it has entered into an incremental joinder agreement to its senior secured credit agreement providing for $500 million in aggregate principal amount of incremental term B loans (the "Incremental Term B Loans"). The Incremental Term B Loans are fungible with, and have the same terms as, the Company's existing term B loans outstanding under its credit agreement, including as to maturity. The Incremental Term B Loans bear interest at Term SOFR plus 2.00% per annum. The Company intends to use the proceeds from the Incremental Term B Loans to repay borrowings outstanding under its revolving credit facility, pay related fees and expenses and for general corporate purposes.
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