Station Casinos Completes New Bank Facility

LAS VEGAS -- (PRESS RELEASE) -- Station Casinos, Inc. (NYSE: STN) today announced that it has completed a new $2 billion revolving bank facility (the "Bank Facility"), which refinances its $1 billion revolving credit facility. The Bank Facility was arranged by Banc of America Securities and Wells Fargo Bank, with agent banks, Bank of America, Wells Fargo Bank, Bank of Scotland, Deutsche Bank Trust Company Americas, The Royal Bank of Scotland and Wachovia Bank, National Association.

The Bank Facility reduces the existing pricing, has no limitation on capital expenditures, contains no principal amortization and matures in December 2010. The Bank Facility also contains certain financial covenants including a maximum funded debt to EBITDA ratio, a minimum fixed charge coverage ratio and limits share repurchases and investments.