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Stock impact report

Station Casinos LLC Announces Proposed Offering of Senior Notes

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, Jan. 23, 2020 /PRNewswire/ -- Station Casinos LLC (the "Company"), a consolidated subsidiary of Red Rock Resorts, Inc. (NASDAQ: RRR), announced today that it intends to offer, subject to market and other conditions, approximately $500 million aggregate principal amount of senior notes due 2028 (the "Notes") in a private placement.The Company intends to use the net proceeds of the offering (i) to repay a portion of the amounts outstanding under its senior secured credit facilities, (ii) to pay fees and costs associated with the offering and (iii) for general corporate purposes.The Notes will be offered and sold to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to persons outside the United States in accordance with Regulation S under the Securities Act. The Notes will not be registered under the Securities Act and, unless so registered, may not be offered or sold in the United States except Show less Read more
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