Station Casinos to Notes
24 Aug 2005
LAS VEGAS -- (PRESS RELEASE) -- Station Casinos, Inc. (NYSE: STN) today announced it has agreed to issue $150 million of 6 7/8% senior subordinated notes due March 1, 2016. This offering is an add-on to the $550 million of senior subordinated notes issued by the Company in February 2004 and June 2005. The offering was priced at 102.50 to yield 6.40%. Proceeds from the sale of the notes will be used to reduce amounts outstanding on the Company's revolving credit facility and for general corporate purposes.
The notes have not been registered under the Securities Act of 1933, as amended (the "Act") and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Act.